The Money Mustache Community

General Discussion => Throw Down the Gauntlet => Topic started by: Roots&Wings on June 14, 2016, 05:44:16 AM

Title: Race from 500k to 1M!
Post by: Roots&Wings on June 14, 2016, 05:44:16 AM
Didn't find this one yet, and I keep hearing how the next half-mil goes so much faster! We'll see. Anyone else?

April 2016: 500k

Saving ~75% of income.
Title: Re: Race from 500k to 1M!
Post by: onlykelsey on June 30, 2016, 09:04:03 AM
Bookmarking, hope to see you in a year or 15 months or so!
Title: Re: Race from 500k to 1M!
Post by: Roots&Wings on June 30, 2016, 11:01:16 AM
Cool! There was a flurry of $500k celebrations not too long ago, so maybe others will be inspired to join too :) All in good fun, we're just racing ourselves (not each other), maybe sharing some tips, and staying accountable.
Title: Re: Race from 500k to 1M!
Post by: boarder42 on June 30, 2016, 12:19:31 PM
i'm thre with complete networth but i dont jump races til my invested networth hits the bottom ... i'll see you around this time next year hopefully.
Title: Re: Race from 500k to 1M!
Post by: Roboturner on June 30, 2016, 02:57:01 PM
you're on man!
currently at 528
Title: Re: Race from 500k to 1M!
Post by: FireLane on June 30, 2016, 07:20:53 PM
I'd like to get in on this. Though it might be unfair since I have a head start. :)

Currently I'm at about 700K in liquid assets, plus or minus a few thousand depending on the markets. My master spreadsheet says I should join the double comma club sometime in 2018. Hope to see you all there!
Title: Re: Race from 500k to 1M!
Post by: Roots&Wings on July 01, 2016, 03:18:58 PM
Hey this is great! FireLane curious when you hit $500k? Seeing progress over time gives me us all hope that I'll we'll get there eventually too!

EDIT: I'm the weirdo who likes hope.
Title: Re: Race from 500k to 1M!
Post by: boarder42 on July 01, 2016, 08:05:14 PM
I don't know that it's a hope. It's pretty much Mathematically going to happen with how we save around here
Title: Re: Race from 500k to 1M!
Post by: FireLane on July 03, 2016, 12:36:11 PM
Hey this is great! FireLane curious when you hit $500k? Seeing progress over time gives me us all hope that I'll we'll get there eventually too!

EDIT: I'm the weirdo who likes hope.

I've become more obsessive about tracking my NW since discovering Mr. Money Mustache, but it would've been around the beginning of 2015.

I've had some nice gains, but mostly it was pure dumb luck. My 401(k) contributions come out of my annual bonus, so they arrive in a lump sum. This year, that happened to be during the market dip in Q1. When the markets bounced back, I got a big bump in my numbers. I'm not expecting to be that lucky again, but slow and steady. :)
Title: Re: Race from 500k to 1M!
Post by: Roots&Wings on July 05, 2016, 05:33:31 AM
^ Nice! That's a huge gain in a relatively short time, and 2018 is fast approaching. Steady contributions and the occasional timing luck to keep things interesting :) Look forward to seeing how real time plays out against the master spreadsheet predictions.
Title: Re: Race from 500k to 1M!
Post by: FrugalFan on July 12, 2016, 10:59:29 AM
I'm joining too!

June 2016 - Invested: 583,082  Liquid: 665,736  NW: 984,238

Am hoping to get to 1M NW by the end of October, but still want to get liquid and invested values above 1 M too, probably 4 years down the road. 

Title: Re: Race from 500k to 1M!
Post by: Roots&Wings on July 29, 2016, 02:57:06 PM
Guess I'll update every 4 months:

April 2016: $500k
July 2016: $544k

Saved $23.8k. Strong market returns provided the rest!
Title: Re: Race from 500k to 1M!
Post by: boarder42 on July 29, 2016, 05:16:18 PM
I'm joining too!

June 2016 - Invested: 583,082  Liquid: 665,736  NW: 984,238

Am hoping to get to 1M NW by the end of October, but still want to get liquid and invested values above 1 M too, probably 4 years down the road.

What's the difference between liquid and invested.
Title: Re: Race from 500k to 1M!
Post by: FireLane on July 29, 2016, 09:49:31 PM
I'm just over $754K liquid as of the end of July. Strong market gains equaled a big bump in my portfolio. It's a nice feeling! It feels like being a financial wizard to make money for doing nothing in particular.
Title: Re: Race from 500k to 1M!
Post by: FrugalFan on July 30, 2016, 07:25:20 AM
I'm joining too!

June 2016 - Invested: 583,082  Liquid: 665,736  NW: 984,238

Am hoping to get to 1M NW by the end of October, but still want to get liquid and invested values above 1 M too, probably 4 years down the road.

What's the difference between liquid and invested.

I'm counting liquid as everything aside from property, so invested assets, college savings, and cash.
Title: Re: Race from 500k to 1M!
Post by: marty998 on July 30, 2016, 05:54:15 PM
Ok I'm in... on $800k now.... See if we can get there by Dec 2017, if not then June 2018
Title: Re: Race from 500k to 1M!
Post by: onlykelsey on July 30, 2016, 08:44:01 PM
Bookmarking, hope to see you in a year or 15 months or so!

Or possibly late this year, at this rate.  Come on, market!
Title: Re: Race from 500k to 1M!
Post by: sisto on August 03, 2016, 04:02:31 PM
I'd like in on this one too. My next milestone I'm shooting for is $1M in assets. The only debt I carry is my house. Not that long ago I hit $500K in invested assets. So this is a great one to get in on. Since I have a head start on NW I'll just use invested assets for this. Good luck everyone!
Title: Re: Race from 500k to 1M!
Post by: Roboturner on October 12, 2016, 02:28:00 PM
you're on man!
currently at 528

big jump!

October 2016:

Liquid NW: 652k
Total NW: 845k

hoping to be there before my 30th, 2 years to go :)
Title: Re: Race from 500k to 1M!
Post by: FrugalFan on October 13, 2016, 05:27:59 PM
Whoa Roboturner, how did you get that huge jump?!
Title: Re: Race from 500k to 1M!
Post by: FrugalFan on October 13, 2016, 05:31:15 PM
Jun 2016 - Invested: 583,082  Liquid: 665,736  NW: 984,238
Sep 2016 - Invested: 623,186 Liquid: 700,344  NW: 1,028,057 

Broke 1M NW in August, now on to 1M invested!
Title: Re: Race from 500k to 1M!
Post by: Roboturner on October 14, 2016, 11:37:31 AM
Whoa Roboturner, how did you get that huge jump?!

healthy bonus from our company selling to a different company, also came with a 51% pay raise - my bday is monday, and this all was finalized tuesday, so a wonderful birthday gift haha :)

hoping for a nice change in slope from here on out too

Also congrats on passing the 1MM total NW number! we should be there soon
Title: Re: Race from 500k to 1M!
Post by: clarkfan1979 on October 16, 2016, 12:57:20 AM
I hope to join this race sometime in 2017. We are currently at 422K. We should be around 500K in 10-12 months.
Title: Re: Race from 500k to 1M!
Post by: dreams_and_discoveries on October 16, 2016, 01:47:26 AM
Hi all, love to join in - some great achievements and gains already in the thread.

I crossed £250k in July 2014, then reached £500k net worth in August 2016. (25 months).

Realistically aiming for £750k in December 2017 (15 months), and the million in April 2019 (15 months) - although there are tons of assumptions on these, continually in contract and working and London house prices not depreciating.... let's see how it goes.

Title: Re: Race from 500k to 1M!
Post by: misterhorsey on October 17, 2016, 12:47:59 AM
I find myself in this dilemma. You're watching your NW hoping it gets higher and higher so that you hit your target ($1m), meanwhile, you're hoping for share prices to go down so you can get them cheaper which will, in the long run, result in a overall higher net worth.

Cognitive dissonance?

Makes me think as fun and important and motivating as it is to track your NW and aim for these goals - it's kind of silly too!
Title: Re: Race from 500k to 1M!
Post by: Roots&Wings on October 21, 2016, 07:14:51 AM
Wow, awesome progress Roboturner, FireLane, and Travelling Biologist, way to go!

Great to see so many others joining too!

I hate to admit it, but I've been mostly hoarding cash since August expecting a big stock drop whenever the Fed finally acts (sigh, I know I shouldn't try to time the market). 401k max autoinvest still occurring though. Slow and steady progress otherwise.
Title: Re: Race from 500k to 1M!
Post by: moof on October 22, 2016, 06:10:13 PM
Sitting at 535k invested, about 100k in house equity.  2016 is when I got my act together, and will have saved about $40k through the end of the year.  Next year's goal is $50k, which will be easier thanks to not having to replace our roof like this year.  Aiming for 1.4M total invested to pull the trigger about the beginning of 2025 at 47.  Still allaying the wife's nerves...
Title: Re: Race from 500k to 1M!
Post by: Roots&Wings on December 01, 2016, 06:22:21 AM
There have been some ridiculous market gains lately:

April 2016: $500k -----> saved $23.8k between 4/1-7/31
Aug 2016:  $544k -----> saved $19.8k between 8/1-11/30
Dec 2016:  $589k

I'm still hoarding some cash, but that's in line with my 90/10 asset allocation (I include cash and bonds in the 10% bucket).

Keep on going!
Title: Re: Race from 500k to 1M!
Post by: Roboturner on December 01, 2016, 08:30:52 AM
nice gains!
Title: Re: Race from 500k to 1M!
Post by: dreams_and_discoveries on December 01, 2016, 02:09:46 PM
There have been some ridiculous market gains lately:

April 2016: $500k -----> saved $23.8k between 4/1-7/31
Aug 2016:  $544k -----> saved $19.8k between 8/1-11/30
Dec 2016:  $589k

I'm still hoarding some cash, but that's in line with my 90/10 asset allocation (I include cash and bonds in the 10% bucket).

Keep on going!

Well done, onward to the million !
Title: Re: Race from 500k to 1M!
Post by: oldmannickels on December 02, 2016, 08:53:14 AM
Broke $500k this month, so joining this thread. Hoping to hit $1M by 2020.
Title: Re: Race from 500k to 1M!
Post by: Mathew675 on December 02, 2016, 08:00:01 PM
I'm in! Currently at $574 investible assets.
Title: Re: Race from 500k to 1M!
Post by: golfreak12 on December 06, 2016, 11:57:27 AM
I'm going to join this thread but its going to take us a while to get to $1 million. Hopefully end of 2020.
Wife is still going to school. On track to graduate in 2 yrs so the main income is from me. I mdee around $10K0-$120K for the past 3 yrs and I don't know if I can keep up the rate for the next 4 yrs. ~$80K is more in range of what I can make.
Once my wife graduate from college hopefully our NW will skyrocket.....

$240K- Our main house already paid off. Zillow say >>$300K but thats not realistic.
$90K- Rental house. Owes $55K. Worth ~$150K. Zillow say $175K but thats not realistic either.
$73K- Vanguard IRA. I moved it to a money market account after Trump won. Stupid !!
$15K- 401K. Previous job. Same thing with IRA account. STUPID !!!
$50K- CASH.
$23K- 2 CDs maturing soon.
$11k- HSA account.
$10K- Gold.
$45K- We have 4 cars all paid off. Once is a almost new Lexus. Depreciating assets.
$35K- Wifes own account. Might be more now.
$50K- Safety deposit box. This is my own emergency money NOONE knows about except for you guys.
$15K- tax refund for 2016. Yeah I already figured out we'll get at least this much for 2016.

$657K as of right now. We have no debt except for the rental house but its not cost effective to pay it off.

- We can put away around $50K/yr even with my wife not working. That would put us at only $847K by the end of 2020.
- Our problem is all our assets are tied to the houses and not earning much for us. The rental is bringing us around $4K for the year. Our investments are LOW compares to others.
- So for us to hit $1 Mil by the end of 2020, my wife and/or our investments have to bring us the extra $150K.

I'm like everyone else, I had all my IRA and 401K in the Index funds before. I'm going to put everything back. If anyone have better ideas on how to get better returns on on NW, I'm all ears.


Title: Re: Race from 500k to 1M!
Post by: Roots&Wings on December 07, 2016, 06:36:12 AM
I'm like everyone else, I had all my IRA and 401K in the Index funds before. I'm going to put everything back. If anyone have better ideas on how to get better returns on on NW, I'm all ears.

Welcome golfreak12! You seem to have $100k in cash/"safe deposit box" and $23k in (I'm guessing low-yield) CDs which seems excessively conservative. How much safety cash do you really need? Invest the rest.

You have a $150k rental house ($90k equity) yielding $4k/yr (is this net?), which if invested assuming a modest 5% return, would yield $4.5k, plus the magic of compounding over time.

You can also develop an IPS (https://www.bogleheads.org/wiki/Investment_policy_statement) to define your investing goals and asset allocation, which will help you get better returns on your NW because 1) you now have a plan, 2) you know you must stick to it, and 3) won't make crazy moves again like selling everything after a Trump win.
Title: Re: Race from 500k to 1M!
Post by: golfreak12 on December 08, 2016, 09:13:14 AM
- The safety deposit isn't going anywhere. I've had that before I got married. That's like my own protection. If I need to leave the country or my wife decides to leave me(LOL to both), I know I have money of my own sitting there for me. I've been putting in $5K in that deposit box every year. I know its a waste of money but its a small portion of the NW and I like it sitting where it is.
- The CDS are maturing in 2019 and they are 3% from Penfed. If I knew we can get a guaranty 3%, I'd put more money in it. Bought this 3 yrs ago when I just bought the main house and didn't have much cash left.
- The rental house is/was our cash cow. We net around $1100/month for the house. After property tax and insurance, we net around $850. Interests on the house is only $150, so $700 actually goes to our equity and pockets. The problems this past year was the septic tank. 3 seperate calls to pump it out cost us dearly and I just spent $2000 to have it fix.
- The other $50k cash on hand, I was going to dump into Index funds but being a dumb ass, I didn't when Trump won the election. My wife on the other hand wants to leave it cause she wants to buy another house. LOL.

I mean we're doing more than fine and we'll get to $1 mil NP but unlike others in this forum, our assets aren't earning much for us.
Title: Re: Race from 500k to 1M!
Post by: stashyMel on December 11, 2016, 08:47:49 PM
Ok, we just crossed the 500K mark last month. All projections show that we will cross $1MM in Dec of 2020. We are currently at $428K in retirements accounts including 3 401ks, and 2 HSAs. I need to open 2 Roths before year end. The remaining money is in assorted Checking accounts and a decent chunk in a Money Markets. I also need to add more to a brokerage account.

I don't count the house in our totals. It is valued somewhere between $180 and $210K. But it is paid off and we aren't in the market to sell. Thusly, I don't count it. Also, not included are the pension values.
Title: Re: Race from 500k to 1M!
Post by: Libertea on December 12, 2016, 06:09:44 AM
Posting so I remember to update in a few weeks when the quarter ends.  Anticipate breaking $500k this quarter.
Title: Re: Race from 500k to 1M!
Post by: moof on December 13, 2016, 02:34:19 PM
Hit 500k invested at the start of 2016, should be ending the year at about 580-590k.  Goal is to save $50k a year, to hopefully hit $1M by the end of 2020.  Final target is $1.6M in investments.
Title: Re: Race from 500k to 1M!
Post by: Acorns on December 17, 2016, 03:39:21 PM
Been a lurker here for about a year, finally decided to jump in. I always think it is interesting to see the trajectory of other peoples’ savings, so here are my numbers going back to 2007 when I first started keeping track of our household’s monthly net worth. Currently my household is two adults and three kids, our household income has ranged from about $50,000/yr when we were starting out to about $150,000 now. I expect our income to keep pace with inflation, but no big raises are projected in the near future. These numbers are investment accounts only, not including the equity in our primary residence. We don’t hold a lot in cash. Our big financial goals are to be able to make a significant contribution to our children’s college costs, and to be able to retire by our mid 50s. Not super early by the standards of some people on here, but we do enjoy a pretty comfortable lifestyle and my retirement goals are a little more luxurious than car camping in a developing country; we’ve done enough “roughing it” as part of our jobs :-).

End of 2007: $71,000
End of 2008: $87,600
End of 2009: $202,000
End of 2010: $257,000
2011: $298,000
2012: $364,000
2013: $371,000
2014: $615,000 (This looks like a big jump from 2013 because I started counting in my calculations an investment account which hadn't been counted in prior years)
2015: $644,000
2016: TBD in two more weeks.
Title: Re: Race from 500k to 1M!
Post by: Roots&Wings on December 18, 2016, 08:14:15 AM
Been a lurker here for about a year, finally decided to jump in. I always think it is interesting to see the trajectory of other peoples’ savings, so here are my numbers going back to 2007 when I first started keeping track of our household’s monthly net worth.

Welcome Acorns! I love seeing progress over time too and find it really inspiring. That's awesome what you've done...thank you for sharing your savings progress, and continued success towards your goals in 2017!
Title: Re: Race from 500k to 1M!
Post by: jmuth on December 18, 2016, 02:32:24 PM
DEC 2016 NW: 559k
401k: 189k (TSP)
Roth IRA: 111k (Vanguard)
529 (Kid A - 10 yrs) 63.5k (Vanguard)
529 (Kid B - 4 yrs) 33k (Vanguard)
Bonds (for house purchase) 66k (USAA)
Taxable Stocks: 42.5k (vanguard)
Cash (1-1.5% interest accounts): 53k (Ally Bank)

DEC 2015 NW: 444k
DEC 2014 NW: 385k
DEC 2013 NW: 337k
DEC 2012 NW: 253k
DEC 2011 NW: 209K
DEC 2010 NW: 184k

Hit 500k this summer and the next 59k seem to have been a flash
Title: Re: Race from 500k to 1M!
Post by: Roots&Wings on December 19, 2016, 07:39:11 AM
Nice progress jmuth, welcome to the forum! Recent market gains have been insane. Good luck with your upcoming house purchase. I bought a house last year after carefully running the numbers and evaluating long-term impact on FIRE plans (my housing costs will be lower than renting and happiness higher knowing I have control over my housing and won't have to move if a landlord decides to sell).
Title: Re: Race from 500k to 1M!
Post by: golfreak12 on December 23, 2016, 07:35:52 AM
I'm a bit jealous of you guys.....your stash are growing exponentially. Mine are crawling.
When I bought the main house 3 years ago, I had to cash to buy it but the interests were so low and the lender were going to pay for clsoing costs so I financed the house.
In this past 3 yrs, I must have paid ~$200K in principles to both houses, paying the main house off.
Had I put that $200K, in the index funds, my stash would be so much higher now.
Title: Re: Race from 500k to 1M!
Post by: boarder42 on December 27, 2016, 11:04:07 AM
I'm a bit jealous of you guys.....your stash are growing exponentially. Mine are crawling.
When I bought the main house 3 years ago, I had to cash to buy it but the interests were so low and the lender were going to pay for clsoing costs so I financed the house.
In this past 3 yrs, I must have paid ~$200K in principles to both houses, paying the main house off.
Had I put that $200K, in the index funds, my stash would be so much higher now.

yes this is why you dont pay down mortgages at these ridiculously low rates faster ... you invest it.
Title: Re: Race from 500k to 1M!
Post by: CloserToFree on December 27, 2016, 11:27:57 AM
We're in this general range with invested assets - posting to follow, will share numbers when I get a chance to pull them together!
Title: Re: Race from 500k to 1M!
Post by: NinetyFour on December 27, 2016, 12:08:36 PM
My NW is at $662K.  Not sure I will ever hit $1M, but it's nice to think about!  I'm aiming for $800K when I retire in June 2018.
Title: Re: Race from 500k to 1M!
Post by: OurTown on December 29, 2016, 12:25:30 PM
I'm a bit jealous of you guys.....your stash are growing exponentially. Mine are crawling.
When I bought the main house 3 years ago, I had to cash to buy it but the interests were so low and the lender were going to pay for clsoing costs so I financed the house.
In this past 3 yrs, I must have paid ~$200K in principles to both houses, paying the main house off.
Had I put that $200K, in the index funds, my stash would be so much higher now.

yes this is why you dont pay down mortgages at these ridiculously low rates faster ... you invest it.

"Ta-daaaaah!"
Title: Re: Race from 500k to 1M!
Post by: boarder42 on December 29, 2016, 12:54:28 PM
I'm a bit jealous of you guys.....your stash are growing exponentially. Mine are crawling.
When I bought the main house 3 years ago, I had to cash to buy it but the interests were so low and the lender were going to pay for clsoing costs so I financed the house.
In this past 3 yrs, I must have paid ~$200K in principles to both houses, paying the main house off.
Had I put that $200K, in the index funds, my stash would be so much higher now.

yes this is why you dont pay down mortgages at these ridiculously low rates faster ... you invest it.

"Ta-daaaaah!"

he should go tell his story in the pay down your mortgage thread.
Title: Graduated to this thread....
Post by: Libertea on December 31, 2016, 07:27:30 AM
09/30/2016: $468,895.06
12/31/2016: $525,049.59
Title: Re: Race from 500k to 1M!
Post by: Roots&Wings on December 31, 2016, 07:53:52 AM
There have been some ridiculous market gains lately:

April 2016: $500k -----> saved $23.8k between 4/1-7/31
Aug 2016:  $544k -----> saved $19.8k between 8/1-11/30
Dec 2016:  $589k

I'm still hoarding some cash, but that's in line with my 90/10 asset allocation (I include cash and bonds in the 10% bucket).

Keep on going!

Closed the year at $601k...a $125k increase this year on a $90k salary, wow.

Happy New Year all!
Title: Re: Race from 500k to 1M!
Post by: Acorns on December 31, 2016, 09:22:28 PM

End of 2007: $71,000
...
2015: $644,000
2016: $740,000.

Not bad! A increase of $95,000 in investable assets over last year. I suspect this next year might have a rise in expenses, but I am hoping to cross the $1M threshhold by 2020.
Title: Re: Race from 500k to 1M!
Post by: onlykelsey on January 02, 2017, 02:15:12 AM
Alright! I am (technically, barely) here. Picking up the 500K --> 1M thread calculated on overall net worth (including my condo and associated debts).  Tracking invested assets elsewhere.  I've reproduced my history in the 250K --> 500K thread below.  Hopefully the market won't pitch me back below 500K before the end of the month, especially since I'm going out on maternity leave and have a several thousand dollar payment to a cabinetmaker coming up....

As a reminder mostly to myself, in this thread I am tracking personal assets (not shared or soon-to-be kid's college savings) using personalcapital.

December 2013: 142K
March 2014: 178K
June 2014: 191K
September 2014: 205K
December 2014: 231K
March 2015: 232K (I self financed half a wedding this quarter, and began subsidizing now husband)
June 2015: 249K
September 2015: 272K (a new~30K in debt showed in this quarter from the first half of a 60K roof assessment I didn't have cash on hand for)
December 2015: 326K
March 2016: 342K
June 2016: 389K
September 2016: 457K (began booking a 4540K "liability" that I would incur if I wanted to liquidate my condo, which I include in this NW total)
December 2016: 511K (+185K year on year)

Bookmarking, hope to see you in a year or 15 months or so!

Or possibly late this year, at this rate.  Come on, market!
Title: Re: Race from 500k to 1M!
Post by: CloserToFree on January 02, 2017, 11:42:23 AM
Circling back with our numbers.  These are conservative in two respects: (1) they use a home value of $800k even though if we sold today we could get over $1m; and (2) they exclude some foreign properties we own which cannot be sold or rented out at the moment due to complicated family co-ownership (worth about 300k combined).  Our FIRE goal had been to get to $1.2m invested so we could live off about $50k/year.  But our present spending levels are much higher (even removing working-only expenses like childcare costs) so unless we can make some major cuts (working on that) we may need to aim higher.  Still, once the foreign properties are sold (sometime in the next 5 years), we'll be very close to being able to FIRE, regardless. 

Our joint income this year was ridiculously high (>400k) so we should be doing better than we are, but we're doing worlds better than we would be doing if we hadn't found MMM, so trying not to be too hard on ourselves.

Here are the numbers:

End of 2013 (year I found MMM):
Investments/cash: 390,000
Home equity: 390,000 (remaining mortgage: 410,000)
Student debt: -35,000
Total:  745,000

End of 2014:
Investments/cash: 435,000
Home equity: 400,000 (remaining mortgage: 400,000)
Student debt: 0
Total: 835,000

End of 2015:
Investments/cash: 650,000
Home equity: 410,000 (remaining mortgage: 390,000)
Total: 1,060,000

End of 2016:
Investments/cash: 820,000
Home equity: 420,000 (remaining mortgage: 380,000)
Total: 1,240,000

Even though we have a ways to go, it's pretty empowering to know that we could sell our house tomorrow (HCOL area), move to a LCOL area (or one of the above mentioned foreign properties), and live mostly off of 4% of our investments.  We are also considering some other major life changes that I may post about in a future post - involving one of us FIREing/becoming a SAHP.  Stay tuned :)
Title: Re: Race from 500k to 1M!
Post by: onlykelsey on January 02, 2017, 11:55:46 AM
Exciting, ClosertoFree.  Having crazy earnings obviously moves things along. I just found MMM a year ago, and am up 185K in my first year. 

It's crazy how many of my law school friends (we're five years out) are squandering it.  Are you both lawyers?
Title: Re: Race from 500k to 1M!
Post by: CloserToFree on January 02, 2017, 01:51:28 PM
I know, right, onlykelsey?! It's really shocking.  I've seen several of my (lawyer) friends buy $1.5+ million houses this past year and I continue to be surprised they are buying into the "keeping up with the Joneses" mentality.  And these aren't even the more materialistic friends- it's just people who think, "I'm a successful attorney and my spouse is a successful professional and we are starting a family so of course we need/deserve/can afford a mansion-like 4br house in a swanky neighborhood furnished with all new furniture from Room & Board/ Crate & Barrel/ Pottery Barn." Part of me wants to tell them about MMM/Fire principles but I'm pretty private about our finances and am worried they'd be offended/ would think it's not my business.

Husband is not a lawyer but has a graduate degree and a white collar job.

Good for you for making such awesome progress in year 1!!
Title: Re: Race from 500k to 1M!
Post by: Roboturner on January 04, 2017, 01:07:49 PM
June 2016:
LNW: 528k

October 2016:
Liquid NW: 652k
Total NW: 845k

YE 2016:
LNW: 685k
TNW: 893k

keep cruisin
Title: Re: Race from 500k to 1M!
Post by: boarder42 on January 05, 2017, 06:04:35 AM
Joining slightly earlier than planned but hit a NW of 500k June 24 2016.  invested at the time was 362k

6/24/16 - 362k / 500k NW
12/1/16 - 404k / 550k NW
1/1/17 - 450k / 600k NW

Should hit 500k invested by June 2017 and 1MM NW by August 2019 and 1MM invested by July 2020.
Title: Re: Race from 500k to 1M!
Post by: catccc on January 10, 2017, 01:57:47 PM
I'm in the middle here, currently at $712K NW and hoping to hit $1M before August 2019, when I turn 40:

2016 Ending NW $712K
End of year goals for-
2017: $815K
2018: $945K
2019: $1,075K
Title: Re: Race from 500k to 1M!
Post by: Mathew675 on January 15, 2017, 01:59:45 PM
I'm in! Currently at $574 investible assets.

Haven't been adding much lately, but the stock market growth pushed us over $600K. About to really start piling it on this year. Our goal is to get up to $700K before 2018. Good luck all!
Title: Re: Race from 500k to 1M!
Post by: UnleashHell on January 27, 2017, 06:44:27 AM
Oct 16: 500k
jan 2017: 548k

guess i should join this thread now...

not sure if i'll get to 1m quickly as i'll probably quit work soon but its good to have targets right?
Title: Re: Race from 500k to 1M!
Post by: boarder42 on February 01, 2017, 05:49:17 AM
6/24/16 - 362k / 500k NW
12/1/16 - 404k / 550k NW
1/1/17 - 450k / 600k NW
2/1/17 - 462k / 607k NW
Title: Re: Race from 500k to 1M!
Post by: MayDay on February 01, 2017, 06:16:15 PM
I am officially a member of this club.  503K as of the end of January.  Between 40 and 6K of that will be going in a house DP sometime this year (hopefully) and won't be liquid, so I have to decide how to count that.  For now its all retirement accounts and brokerage accounts.  Our cars are POS's so I don't assign them a value. 

We doubled from 250 to 500 in 2 years 4 months.  Should be interesting to see how long the next doubling takes. 
Title: Re: Race from 500k to 1M!
Post by: dreams_and_discoveries on February 02, 2017, 01:10:15 AM
6/24/16 - 362k / 500k NW
12/1/16 - 404k / 550k NW
1/1/17 - 450k / 600k NW
2/1/17 - 462k / 607k NW

Some great jumps there boarder.

I am officially a member of this club.  503K as of the end of January.  Between 40 and 6K of that will be going in a house DP sometime this year (hopefully) and won't be liquid, so I have to decide how to count that.  For now its all retirement accounts and brokerage accounts.  Our cars are POS's so I don't assign them a value. 

We doubled from 250 to 500 in 2 years 4 months.  Should be interesting to see how long the next doubling takes. 

Welcome, congrats on your 500k.
Title: Re: Race from 500k to 1M!
Post by: boarder42 on February 02, 2017, 06:03:30 AM
6/24/16 - 362k / 500k NW
12/1/16 - 404k / 550k NW
1/1/17 - 450k / 600k NW
2/1/17 - 462k / 607k NW

Some great jumps there boarder.



Yeah i get my huge bonus(read: deferred salary) in Dec.  its over 20% of my gross pay now and will climb to 30-50% depending on performance over the next few years. Plus we get company ESOP cash contribution every december - plus my parents transfer wealth ... so between all of that plus the trump rally it did pretty well.  I always have slower growth this time of year as i hold cash out of traditional investments to buy opening day tickets which i sell for around 100% profit ... havent found an index fund that will do that for me yet.  haha.
Title: Re: Race from 500k to 1M!
Post by: ObsessedFIer on February 02, 2017, 08:42:14 AM
First post here! Long time MMM reader (since I was 23 or so, I just turned 28 last month) and I've just hit the $500k milestone. My mindset changed when I read the books "Your Money Or Your Life" and "The Millionaire Next Door". I was always very savvy and frugal with money but these had a profound impact on me. Seeing the reality of who has money vs. who doesn't and also what you're giving up by spending on material objects was enlightening. I'm content with very little, my old car and basic items make me happy. No debt and all of my investments are through vanguard index funds :) JLCollins showed me the light...really looking forward to $1M.

On to the numbers:

1/2017: $502,338
Title: Re: Race from 500k to 1M!
Post by: Roots&Wings on February 02, 2017, 11:08:19 AM
^ Nice! Welcome to the forum and congrats on being off to such an amazing, early start :)

And great progress everyone!
Title: Re: Race from 500k to 1M!
Post by: Trifele on February 02, 2017, 12:41:31 PM
Count me in!  We are at $570k invested assets, ~$850k NW including house equity.   Cannot wait to hit a million!  I guess we will celebrate it twice-- when the NW crosses, and then when the invested assets go over.  Yay!
Title: Re: Race from 500k to 1M!
Post by: dreams_and_discoveries on February 02, 2017, 01:33:26 PM
Count me in!  We are at $570k invested assets, ~$850k NW including house equity.   Cannot wait to hit a million!  I guess we will celebrate it twice-- when the NW crosses, and then when the invested assets go over.  Yay!

I'm with you for a double celebration :)
Title: Re: Race from 500k to 1M!
Post by: Cooper62 on February 10, 2017, 06:35:51 AM
So excited!  I checked my 401k balance and it hit $500,000 today.  If I add in equity in my house, emergency funds and 529s for two kids I'm around $650,000.
I don't really consider the home equity, savings and 529s as part of my retirement funds though so in my mind I'm just starting this phase.  Wish I'd learned or thought about MMM lifestyle earlier as I'm in late 40s and two coming up on college.  The good thing is we don't have any debt other then the mortgage.  It will be a challenge get the savings levels up to what many here are at as we'd like to help with a lot of college costs.  However, I'm thinking in a different way about money after reading the MMM forums often so challenging myself to see what costs we can cut to up the savings to get to $1 million faster.  I used to really enjoy my job but after going through a merger the new company just isn't the same and want to leave the workforce earlier than originally planned.
Title: Re: Race from 500k to 1M!
Post by: DailyGrindFree on February 10, 2017, 08:59:52 AM
Date             Net Worth
06/19/2016   $480,510
07/09/2016   $490,393
08/06/2016   $494,437
09/05/2016   $498,539
10/05/2016   $503,766
11/04/2016   $501,749
12/05/2016   $512,731
01/05/2017   $518,988
02/04/2017   $527,725

Roughly about $200K is house equity. Rest is in investments and cash.
Title: Re: Race from 500k to 1M!
Post by: BeanCounter on February 10, 2017, 09:50:22 AM
As of today we are at $820k invested assets and cash (probably too much cash). NW is $878k. We both turn 40 this year.
I'm curious if we'll hit $1M in 2018 or 2019. We have been saving about $70k-$100k per year but I've really got the itch to do some expensive home renovations.
I've noticed that as the balance creeps up it gets harder to have the motivation to save on the little things and not spend money.
Title: Re: Race from 500k to 1M!
Post by: Trifele on February 27, 2017, 04:33:38 AM
Ok, I just realized yesterday that I have never included the kids' 529 accounts in my NW calculation.  Not sure if I really should be including that, but if I do we are just over $1M!  I am shocked to write that.  It doesn't feel real.

I'm definitely staying here in this group for a while.  I'll wait til our invested assets plus house are over $1M (next year) before I 'graduate' up to the next thread.  :) 

This is fun.   We get to celebrate multiple times, depending on how we are measuring.   
Title: Re: Race from 500k to 1M!
Post by: Roots&Wings on February 27, 2017, 06:01:37 AM
^ Congrats Trifele!!! Multiple celebrations are totally okay :)
Title: Re: Race from 500k to 1M!
Post by: MrGreg on February 28, 2017, 12:30:37 AM
I am inching toward the 1M benchmark and am presently at about 963K including home equity.

However, I have a significantly leveraged portfolio in equities (borrowing a little less than 200K) so a downturn in the market could push me back considerably.  Further, I have various ongoing cash investment obligations that are going to take about 3 years to pay off before I can fully deploy FIRE mode.
Title: Re: Race from 500k to 1M!
Post by: boarder42 on February 28, 2017, 06:54:25 AM
12/1/16 - 404k / 550k networth
1/1/17 - 450k / 600k NW
2/1/17 - 461k / 607k NW
3/1/17 - 479k / 628k NW

Probably about 20k higher in both categories right now but waiting on private stock evaluation and have some investments in opening day baseball tickets that havent been sold yet. and dont appear in networth calcs.
Title: Re: Race from 500k to 1M!
Post by: ObsessedFIer on March 01, 2017, 05:55:57 PM
First post here! Long time MMM reader (since I was 23 or so, I just turned 28 last month) and I've just hit the $500k milestone. My mindset changed when I read the books "Your Money Or Your Life" and "The Millionaire Next Door". I was always very savvy and frugal with money but these had a profound impact on me. Seeing the reality of who has money vs. who doesn't and also what you're giving up by spending on material objects was enlightening. I'm content with very little, my old car and basic items make me happy. No debt and all of my investments are through vanguard index funds :) JLCollins showed me the light...really looking forward to $1M.

On to the numbers:

1/2017: $502,338

I've been looking forward to updating this, what an amazing month it has been! I am so excited about the future, regardless of how far out my FI date is. I know there's a light at the end of the tunnel and I have FU money to protect my wellbeing until that day.

1/2017: $502,338
2/2017: $536,490

1-Month Increase: $34,152
Title: Re: Race from 500k to 1M!
Post by: Trifele on March 02, 2017, 03:57:50 AM
Congratulations Obsessed!!  You are doing GREAT!  Wow. 
Title: Re: Race from 500k to 1M!
Post by: BeanCounter on March 02, 2017, 07:36:25 AM
This market is making this crazy. I hope continues. Or maybe backs off a little so I can invest some cash I have on hand.

Investments as of 3/1/2017-             $832,402
Plus kids 529's (which I forgot about  $34,352
Equity in house (conservative est)      $50,000
HRA balance                                     $5,200
Savings account                                $9,000
Total  Net worth                           $930,954     

I'm going for three celebrations- 1) when total NW hits $1M, 2)when investments hit $1M, 3)when investments hit $1.5 and we're officially FI
Title: Re: Race from 500k to 1M!
Post by: Libertea on March 09, 2017, 12:51:26 PM
Ok, I just realized yesterday that I have never included the kids' 529 accounts in my NW calculation.  Not sure if I really should be including that, but if I do we are just over $1M!  I am shocked to write that.  It doesn't feel real.   
No, I wouldn't count the kids' 529 accounts as part of your stash since it's not earmarked toward your own retirement.  In fact, to make this reasoning even more obvious, consider my situation: I'm single with no kids, but I'm funding college accounts for my niece and nephew.  I think most people would agree that this 529 money is clearly not an asset of MINE, even though technically I have full control over the kids' college accounts just as their parents would if their parents were the ones funding the accounts.  In fact, I consider my 529 contributions to be monthly expenses, not savings.  Because from my perspective as an aunt, that's exactly what they are.
Title: Re: Race from 500k to 1M!
Post by: Trifele on March 18, 2017, 04:07:43 AM
Ok, I just realized yesterday that I have never included the kids' 529 accounts in my NW calculation.  Not sure if I really should be including that, but if I do we are just over $1M!  I am shocked to write that.  It doesn't feel real.   
No, I wouldn't count the kids' 529 accounts as part of your stash since it's not earmarked toward your own retirement. 

Fair point Libertea -- I think you are right.  The 529 contributions are pre-paid expenses. 

OK, so without the 529s, we are at 902k between invested assets and house equity. :) 
Title: Re: Race from 500k to 1M!
Post by: DailyGrindFree on March 19, 2017, 01:45:05 PM
Ok, I just realized yesterday that I have never included the kids' 529 accounts in my NW calculation.  Not sure if I really should be including that, but if I do we are just over $1M!  I am shocked to write that.  It doesn't feel real.   
No, I wouldn't count the kids' 529 accounts as part of your stash since it's not earmarked toward your own retirement. 

Fair point Libertea -- I think you are right.  The 529 contributions are pre-paid expenses. 

OK, so without the 529s, we are at 902k between invested assets and house equity. :)

Why wouldn't you include 529? It is still an investment account. You don't know if you are going to use it for college or not. Your kids may have full scholarships. Then it becomes investment, right?

What about this scenario? You could invest all your money in a taxable account with a possibility of using it for college if needed. Then you would include it in your net worth. For those reasons, I include 529 in my Net Worth.
Title: Re: Race from 500k to 1M!
Post by: Trifele on March 19, 2017, 02:03:04 PM
That's also a fair point, Daily Grind.  I'm not an accountant, but it seems like you can make the argument either way, depending on what your Plan B is if your kid doesn't end up using the money.  Would you take the money back for yourselves, paying the penalty?  Or would you then pass it to another kid or family member? 
Title: Re: Race from 500k to 1M!
Post by: BeanCounter on March 19, 2017, 02:30:57 PM
Ok, I just realized yesterday that I have never included the kids' 529 accounts in my NW calculation.  Not sure if I really should be including that, but if I do we are just over $1M!  I am shocked to write that.  It doesn't feel real.   
No, I wouldn't count the kids' 529 accounts as part of your stash since it's not earmarked toward your own retirement. 

Fair point Libertea -- I think you are right.  The 529 contributions are pre-paid expenses. 

OK, so without the 529s, we are at 902k between invested assets and house equity. :)

Why wouldn't you include 529? It is still an investment account. You don't know if you are going to use it for college or not. Your kids may have full scholarships. Then it becomes investment, right?

What about this scenario? You could invest all your money in a taxable account with a possibility of using it for college if needed. Then you would include it in your net worth. For those reasons, I include 529 in my Net Worth.
It just depends on what your plans on before or during retirement.
If you  are planning to retire before or while you have kids in college then you are using the 529 plans to pay for tuition costs that would be part of your annual expenses to be funded out of your other investments. Just a different pot of money.
Your home equity probably should be included unless you are planning to sell your home before retirement or unless you can refinance and access the money. Otherwise you are not going to be able to draw 4% of the value.
Title: Re: Race from 500k to 1M!
Post by: CloserToFree on March 21, 2017, 07:14:13 PM
First post here! Long time MMM reader (since I was 23 or so, I just turned 28 last month) and I've just hit the $500k milestone. My mindset changed when I read the books "Your Money Or Your Life" and "The Millionaire Next Door". I was always very savvy and frugal with money but these had a profound impact on me. Seeing the reality of who has money vs. who doesn't and also what you're giving up by spending on material objects was enlightening. I'm content with very little, my old car and basic items make me happy. No debt and all of my investments are through vanguard index funds :) JLCollins showed me the light...really looking forward to $1M.

On to the numbers:

1/2017: $502,338

Obsessed, major hats off to you for getting to 500K at such a young age!! That's awesome.  I wish I had found MMM when I was in my early 20s rather than early 30s!
Title: Re: Race from 500k to 1M!
Post by: benSquared on March 21, 2017, 10:24:27 PM
Good luck all!   I am giving everything I've got to this race.  It has been a long, long battle.  Quit my job and moved overseas without a job for two years just months before 2008 crash... bad timing (but I didn't touch my investments).  Marriage, two kids, buying/renting/selling houses along the way as a result of having to change jobs and location frequently.  Worked at a startup that stopped paying me for 6 months - but thankfully have mostly recovered that backpay.  Now renting, zero debt, at a stable job and trying to lock in efforts to drive down spending and plan the escape!  Working moonlight hours to make another run at a web service for additional revenue stream. 

Jan 2017  $588k NW 
Feb 2017  $624k NW  (backpay catch-up)
Mar 2017  $647k NW  (backpay catch-up)

Jan 2018  $750k  projected
Jan 2019  $870k  projected
Jan 2020  $1M  projected

Perhaps this graph will give a better sense of my trials and tribulations.  :-)
(http://www.spiderline.com/tmp/timeline.jpg)
Title: Re: Race from 500k to 1M!
Post by: onlykelsey on March 26, 2017, 02:13:12 PM
As a reminder mostly to myself, in this thread I am tracking personal assets (not shared or soon-to-be kid's college savings) using personalcapital.

December 2013: 142K
March 2014: 178K
June 2014: 191K
September 2014: 205K
December 2014: 231K
March 2015: 232K (I self financed half a wedding this quarter, and began subsidizing now husband)
June 2015: 249K
September 2015: 272K (a new~30K in debt showed in this quarter from the first half of a 60K roof assessment I didn't have cash on hand for)
December 2015: 326K
March 2016: 342K
June 2016: 389K
September 2016: 457K (began booking a 4540K "liability" that I would incur if I wanted to liquidate my condo, which I include in this NW total)
December 2016: 511K (+185K year on year)
March 2017: 599K (I am guessing on numbers for the end of the month, but should be +/- 2K, +142K year on year)

I am towards the end of maternity leave.  I am sure the saving/investing pace won't keep up when I start paying daycare (and maybe working a 70 or 80% schedule for a couple months), but not too bad for being off work!
Title: Re: Race from 500k to 1M!
Post by: FireHiker on March 28, 2017, 03:39:30 PM
I think this is the NW race where I belong, since I don't count our primary residence equity in the equation (We tentatively plan to use that for our retirement home purchase and college for the younger two...our equity is $523k currently).

We crossed the $500k line in October of 2015, for net worth not including our house. It is currently $667k. I do not include our HSA in the total because it doesn't have much in it yet, I have kids who play sports, and our insurance sucks. According to my calculations, we SHOULD cross the 1M mark by the end of 2019. We have been making a number of frugal changes in our lives recently, so I'm hopeful we can bring that date in.
Title: Re: Race from 500k to 1M!
Post by: caracarn on March 31, 2017, 08:08:39 AM
I'm happy to move over to this "race"!  Just crossed over $500K this quarter. 

Here's my progress thus far:

1/1/2015 - $319,018
3/31/2015 - $358,647
6/30/2015 - $350,887
9/30/2015 - $329,044
12/31/2015 - $340,246
3/31/2016 - $390,030
6/30/2016 - $408.983
9/1/2016 - $447,834
12/31/2016 - $459,043
3/31/2017 - $509,618

Our goal to retire on is $1,000,000 but will need to get to about $1,200,000 first because we want to be done with the mortgage before we call it quits.  Pretty sure we will not be able to keep up the pace as kid's college will be chewing into things for the next 10 years or so, but always good to measure.  Glad to be here!
Title: Re: Race from 500k to 1M!
Post by: Roboturner on April 03, 2017, 08:17:22 AM
June 2016:
LNW: 528k

October 2016:
Liquid NW: 652k
Total NW: 845k

YE 2016:
LNW: 685k
TNW: 893k

Q1 2017:
LNW: 800k
TNW: 1.01MM

WHOOP! passed the first hurdle - now just need the LNW up - hopefully around this time next year!
Title: Re: Race from 500k to 1M!
Post by: sw1tch on April 03, 2017, 11:34:01 AM
I'm jumping into this race:

3/2017 - 515,000
4/2017 - 524,000

More to come!
Title: Re: Race from 500k to 1M!
Post by: Chairman on April 05, 2017, 01:18:30 AM
Joining the club. Currently about 720k investible, 200k owed on mortgage, about 250k home equity. Not sure when/if I'll get to 1m; may semi-FIRE before then.
Title: Re: Race from 500k to 1M!
Post by: Roots&Wings on April 07, 2017, 06:54:02 AM
Q1 2017:
LNW: 800k
TNW: 1.01MM

WHOOP! passed the first hurdle - now just need the LNW up - hopefully around this time next year!

Congrats Roboturner!!! Awesome progress and looks like you'll soon be celebrating the LNW milestone too :)

Good luck all, keep on going...
Title: Re: Race from 500k to 1M!
Post by: fidreamer on April 07, 2017, 08:16:33 PM
I'm joining too!  I am not including house or 529's.  Just focused on investments and a little cash which is at around $871,000.  Trying to climb the mountain to 1 million.  Maybe in 2019.  Every purchase is weighed against this goal.  We are all doing amazing things.  It's exciting!
Title: Re: Race from 500k to 1M!
Post by: dreams_and_discoveries on April 11, 2017, 07:24:52 AM
I'm joining too!  I am not including house or 529's.  Just focused on investments and a little cash which is at around $871,000.  Trying to climb the mountain to 1 million.  Maybe in 2019.  Every purchase is weighed against this goal.  We are all doing amazing things.  It's exciting!

You are close there, keep up the great work.


I also found when I started challenging every purchase in a Marie Kondo type way (does this bring me value/happiness), my spending decreased.
Title: Re: Race from 500k to 1M!
Post by: DailyGrindFree on April 11, 2017, 06:01:13 PM
Date             Net Worth
06/19/2016   $480,510
07/09/2016   $490,393
08/06/2016   $494,437
09/05/2016   $498,539
10/05/2016   $503,766
11/04/2016   $501,749
12/05/2016   $512,731
01/05/2017   $518,988
02/04/2017   $527,725
03/04/2017   $542,234
04/04/2017   $555,085

Roughly about $200K is house equity. Rest is in investments and cash.
Title: Re: Race from 500k to 1M!
Post by: fidreamer on April 12, 2017, 04:41:10 PM
I'm joining too!  I am not including house or 529's.  Just focused on investments and a little cash which is at around $871,000.  Trying to climb the mountain to 1 million.  Maybe in 2019.  Every purchase is weighed against this goal.  We are all doing amazing things.  It's exciting!

You are close there, keep up the great work.


I also found when I started challenging every purchase in a Marie Kondo type way (does this bring me value/happiness), my spending decreased.

Thank you!  I feel like the closer I get the less I spend!
Title: Re: Race from 500k to 1M!
Post by: asauer on April 13, 2017, 06:29:27 AM
Yay!  I finally get to join this challenge!  We're right at 500k now and 1M is our ER number, so I'm eager to get started.
Title: Re: Race from 500k to 1M!
Post by: randompants on April 16, 2017, 11:59:59 AM
We joined the club earlier this year. Market seems very expensive right now so we're holding more than a third in cash. There were a few very large one-time expenses last year that ate up our savings-rate but glad all those are behind us. Hoping to get to 1m by 2020.

Our savings rate is good given that we live in an HLOC area. We splurge on vacation travel here and there -- rationale is that we're happy to pay for experiences we'd most likely be making just once in our lifetime.
Title: Re: Race from 500k to 1M!
Post by: SEAK on April 24, 2017, 02:54:45 PM
Going to join the fun! The numbers below do not include $65k in kiddos 529s, $150k in home equity, or 20 years service in a state sponsored pension plan.

Jan 1, 2016-   $482k
Jan 1, 2017-   $627k
Apr 23, 2017- $675k
Title: Re: Race from 500k to 1M!
Post by: Roots&Wings on April 28, 2017, 05:28:05 AM
Updating

April 2016: $500k -----> saved $54.8k (~75% of income), 90/10 allocation
April 2017: $651k

Gain of $23k this past month alone. These insane market returns cannot continue.
Title: Re: Race from 500k to 1M!
Post by: NinetyFour on April 28, 2017, 05:46:21 AM
My NW is at $662K.  Not sure I will ever hit $1M, but it's nice to think about!  I'm aiming for $800K when I retire in June 2018.

Now up to $709,418.  :)
Title: Re: Race from 500k to 1M!
Post by: UnleashHell on April 28, 2017, 06:59:20 AM
My NW is at $662K.  Not sure I will ever hit $1M, but it's nice to think about!  I'm aiming for $800K when I retire in June 2018.

Now up to $709,418.  :)


killing it 94!!

I'm at 580 now.

thats 80k in 6 months
Title: Re: Race from 500k to 1M!
Post by: FireHiker on April 28, 2017, 11:36:23 AM
March 28, $667k
April 28, $704k

(not including home equity)
Title: Re: Race from 500k to 1M!
Post by: catccc on April 28, 2017, 11:49:59 AM
I'm in the middle here, currently at $712K NW and hoping to hit $1M before August 2019, when I turn 40:

2016 Ending NW $712K
End of year goals for-
2017: $815K
2018: $945K
2019: $1,075K

Quarterly-ish update: $775K as of 4/28/2017, making the year end goal very much in sight, save for any big market changes, which don't worry me that much.  The market will do what it's going to do, I'll focus on what I can control.   I'm getting a little eager for FIRE as I've just gotten into travel hacking.  So travel resources have increased and these points are begging to be used, but it seems I lack time off to get all this traveling done!
Title: Re: Race from 500k to 1M!
Post by: boarder42 on April 29, 2017, 10:23:26 AM
                  Invest / total
6/24/16 - 362k / 500k NW
12/1/16 - 404k / 550k NW
1/1/17 - 450k / 600k NW
2/1/17 - 462k / 607k NW
5/1/17 - 514k / 666k total NW
Title: Re: Race from 500k to 1M!
Post by: Trifele on April 29, 2017, 12:29:29 PM
Updating -- We are at $651,069 invested + $312,000 house equity = $963,069.   Wow, barring a market downturn we should cross over sometime this summer!  :).  Not counting the kids' 529 accounts.

And at this point (~2 years from FIRE) I am hoping for a downturn so I would have a chance to pour a bunch of cash into cheaper stocks.
Title: Re: Race from 500k to 1M!
Post by: SCUBAstache on April 29, 2017, 02:28:37 PM
Joining in! I didn't expect to ever make it to a million - my FI goal was/is more like 750k but it seems I'm going to pass that before I'm ready to quit. Just doing total NW which includes about 100k of home equity and more cash that I should have in savings right now, too lazy to separate it out. The number jumps the past few years have been crazy, and they have included a lot of overtime that probably won't be replicated going forward so I'll be curious to see how it goes. Even with the lower effective salary happening, I think I'm well into snowballing territory at this point.

April 2017: 720k
March 2017: 711k
Feb 2017: 703k
Jan 2017: 680k
Dec 2016: 650k
Dec 2015: 487k
Dec 2014: 412k
Dec 2013: 350k

Didn't track much before that. I really wish I would have, because I graduated from college in 2007 with a NW of about negative 25k or so thanks to student loans, though I'm very fortunate that I didn't have even more loans and that I was able to get a steady, well-paying job pretty much immediately. Though I'm a planner and did spend a whole lot of time in college trying to get the perfect internships and then job to set myself up for a career I was interested in and that would pay well. But I fully acknowledge good luck played a role, too, and I'm very grateful to be in this position.
Title: Re: Race from 500k to 1M!
Post by: Trifele on April 30, 2017, 03:50:18 AM
Joining in! I didn't expect to ever make it to a million - my FI goal was/is more like 750k but it seems I'm going to pass that before I'm ready to quit.

April 2017: 720k
March 2017: 711k
Feb 2017: 703k
Jan 2017: 680k
Dec 2016: 650k
Dec 2015: 487k
Dec 2014: 412k
Dec 2013: 350k


Wow, Scubastache -- you are doing great!  Good for you for getting so far so young!
Title: Re: Race from 500k to 1M!
Post by: SCUBAstache on April 30, 2017, 05:41:50 AM
Thanks Trifele! This board is inspiring. :)
Title: Re: Race from 500k to 1M!
Post by: trix76 on April 30, 2017, 07:17:16 AM
Like Scubastache, I wasn't expecting to hit a mill. But now it looks just within reach by the time I plan to pull the plug in Oct. 2019, so I'll join the thread in hopes of getting there! Current NW is $612k. The past year has gone like this:

4/1/2016: 382k
7/1/2016: 425k
10/1/2016: 488k
1/1/2017: 528k
4/1/2017:591k

It really is crazy to see how fast it grows, between stock market gains and a frugal lifestyle.


Sent from my iPhone using Tapatalk
Title: Re: Race from 500k to 1M!
Post by: Chairman on April 30, 2017, 08:44:48 AM
It's so weird to contrast a thread like this one with the one over on Bogleheads: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=165943

Over here people are talking about FIRE at 750k, 1m etc. Over there they are talking about getting from 1m to 2m to 10m with no sign of stopping.

I'm never going to join their club (no choice really, the opportunities aren't realistically there for me to earn that much for that long) I am very glad that living frugally is a path to FI even for people who aren't doing the "go to med school, get 100s of thousands in student debt, earn big from 35 to 50 years" thing.
Title: Re: Race from 500k to 1M!
Post by: OurTown on May 01, 2017, 06:57:27 AM
I'm about ready to dive in:  8k shy of 500!
Title: Re: Race from 500k to 1M!
Post by: sw1tch on May 01, 2017, 07:04:17 AM
I'm jumping into this race:

3/2017 - 515,000
4/2017 - 524,000

More to come!

5/2017 - 537,500
Title: Re: Race from 500k to 1M!
Post by: SteelTurkey on May 02, 2017, 09:11:23 PM
First Post!  New to MMM forums.  Aiming for 2021 to 1M NW. 

NW:$593

Cash: $220
IRA/Old 401k: $130
Vanguard: $56
Old Mutual Fund: $11
SEP IRA: $22
Fundrise: $15
Lending Club: $43
Home Equity: $96 (duplex)

I know, I know.  Too much cash. 

Was considering getting off the grid or starting a company, but figured I would invest for early retirement before making major lifestyle change given my conservative nature. 

Hard to dump 100% of cash into today's stock market so plan to DCA over the next year or so.  Also considering a rental property.
Title: Re: Race from 500k to 1M!
Post by: OurTown on May 31, 2017, 01:42:39 PM
Officially in this race, just over $500k.
Title: Re: Race from 500k to 1M!
Post by: FireHiker on May 31, 2017, 01:52:28 PM
March 28, $667k
April 28, $704k

(not including home equity)

May 25, $716k
Title: Re: Race from 500k to 1M!
Post by: boarder42 on June 01, 2017, 05:49:32 AM
                  Invest / total
6/24/16 - 362k / 500k NW
12/1/16 - 404k / 550k NW
1/1/17 - 450k / 600k NW
2/1/17 - 462k / 607k NW
5/1/17 - 514k / 666k NW
6/1/17 - 526k / 673k NW
Title: Re: Race from 500k to 1M!
Post by: sw1tch on June 01, 2017, 07:12:29 AM
3/2017 - 515,000
4/2017 - 524,000
5/2017 - 537,500

6/2017 - 560,500 : sold a car and other things; getting ready for FIRE
Title: Re: Race from 500k to 1M!
Post by: Trifele on June 01, 2017, 09:43:02 AM
Updating:

5/1/17 -- $631,069 invested + $312,000 house equity = $943,069 (Adjusted prior post to remove $20k emergency fund)
6/1/17 -- $647,432 invested + $322,000 house equity = $969,432

Onward!  Will stay in this thread after total NW crosses over, to watch the growth of our investment accounts.   
Title: Re: Race from 500k to 1M!
Post by: BayAreaFrugal on June 01, 2017, 10:56:52 AM
I'm at $494k and I can't wait to join this race. My husband insists we're already in it because I'm low-balling our home value, but I prefer to be a bit conservative.
Title: Re: Race from 500k to 1M!
Post by: YellowCat on June 01, 2017, 04:23:08 PM
We're in! We've finally graduated from the $250-500k NW thread. It took about 2 years for our NW to double from $250k to $500k, despite purchasing a house last fall and spending ~$40k in renovations during Q4 2016. May NW total includes ~ $51.5k in home equity (difference between purchase price and mortgage balance only).

Increases so far this year have been pretty crazy, likely unsustainable, but it's been fun so far. I wonder how fast we can get to $1M? Maybe in another two years? Fingers crossed!

Jan 2017: $444,411
Feb 2017: $466,365 (+$21,954)
Mar 2017: $473,859 (+$7,494)
Apr 2017: $496,610 (+$22,751)
May 2017: $509,180 (+$12,570)
Title: Re: Race from 500k to 1M!
Post by: jmuth on June 03, 2017, 08:18:24 AM
JUN 2017 NW: 632k (73k in 6 months)
DEC 2016 NW: 559k
JUN 2016 NW: 500k
DEC 2015 NW: 444k
DEC 2014 NW: 385k
DEC 2013 NW: 337k
DEC 2012 NW: 253k
DEC 2011 NW: 209K
DEC 2010 NW: 184k
Title: Re: Race from 500k to 1M!
Post by: SCUBAstache on June 03, 2017, 12:11:56 PM
April 2017: 720k
March 2017: 711k
Feb 2017: 703k
Jan 2017: 680k
Dec 2016: 650k
Dec 2015: 487k
Dec 2014: 412k
Dec 2013: 350k

End of May put me at 732k. Maybe only another few months til my goal of 750k! Exciting times.
Title: Re: Race from 500k to 1M!
Post by: rebel_quietude on June 03, 2017, 12:34:55 PM
Happy to be transitioning from the $500k race!

NW shows $513,000 as of this morning. Past glimpse:

2011: $167,933
2012: $208,846
2013: $308,056 (no expenses, gross income went to investments that year)
2014: $358,723
2015: $371,371
2016: $457,543
June 2017: $513,000

Looking forward to this finish line, since it's about FI for me. My current spreadsheet says 2023; hopefully it'll be sooner than that!
Title: Re: Race from 500k to 1M!
Post by: FireLane on June 04, 2017, 06:51:56 AM
Currently I'm at about 700K in liquid assets, plus or minus a few thousand depending on the markets. My master spreadsheet says I should join the double comma club sometime in 2018. Hope to see you all there!

It's been a while since I checked in, but I'm happy to say I'm ahead of schedule! About $949K at the end of last month.

It's definitely the bull market I have to credit for this, as monthly investing gains are starting to outpace my contributions. If it keeps going at this pace, I'll hit my $1M goal before the end of the year, not 2018 as I originally guessed.
Title: Re: Race from 500k to 1M!
Post by: CloserToFree on June 09, 2017, 10:31:03 PM
Checked our finances today and we broke 900k in invested assets! Damn, that feels good.  It makes $1m seem right around the corner...this is so freaking exciting.  Trying to take with a grain of salt given markets could tank, but still.  :)
Title: Re: Race from 500k to 1M!
Post by: ScottsdaleSaver on June 15, 2017, 03:08:30 PM
Somewhat embarrassingly, I didn't starting keeping close tabs on my net worth until finding MMM this year. Thankfully, I didn't muck it up too bad up to this point, but I'm hoping to do even better now that I know better! So, let's start here...

6/2017 - $630K; ~$180K in home equity, ~$10K in cash, remainder in investments

Title: Re: Race from 500k to 1M!
Post by: justaguy on June 25, 2017, 07:46:06 AM
Jumping In – here we go!

6/25/2017 – $410,407 invested + $243,090 house equity = $653,497
Title: Re: Race from 500k to 1M!
Post by: Roboturner on June 26, 2017, 10:52:54 AM
Q2 2016:
LNW: 528k
TNW: 720k

Q3 2016:
LNW: 652k
TNW: 845k

YE 2016:
LNW: 685k
TNW: 893k

Q1 2017:
LNW: 800k
TNW: 1001k

Q2 2017:
LNW: 845k
TNW: 1060k

getting closeeeee
Title: Re: Race from 500k to 1M!
Post by: FireHiker on June 27, 2017, 09:38:35 AM
March 28: $667k (liquid), 1.208M (total NW)
April 28: $704k (liquid), 1.193M (total NW)
May 25: $716k (liquid), 1.244M (total NW)
June 27: $734k (liquid), 1.284M (total NW)
Title: Re: Race from 500k to 1M!
Post by: SCUBAstache on June 30, 2017, 08:41:13 PM
June 2017: 737k ... slow growth this month, but better than no growth.

May 2017: 732k
April 2017: 720k
March 2017: 711k
Feb 2017: 703k
Jan 2017: 680k
Dec 2016: 650k
Dec 2015: 487k
Dec 2014: 412k
Dec 2013: 350k
Title: Re: Race from 500k to 1M!
Post by: OurTown on July 01, 2017, 02:17:11 AM
July 1, 2017 = $508k
Title: Re: Race from 500k to 1M!
Post by: ToughMother on July 01, 2017, 04:16:22 AM
Glad to be chipping away in this category with you fine folks!

Net Worth Benchmarks
4/3/14     $430k (start tracking, thx MMM)
9/19/14    $500k
11/6/14    $550k
5/9/15     $600k
4/13/16    $650k
9/7/16     $700k
5/6/17     $750k
7/1/17     $770k (today; only $35k is house related, rest are retirement/savings/investment accts)


Prior to hitting my $1M net worth goal, I'm aiming for my $1M assets goal.  Currently at $942K.
Title: Re: Race from 500k to 1M!
Post by: Trifele on July 01, 2017, 04:18:46 AM
Updating --

                 Invested/Total
5/1/17 --    $631k   $943k
6/1/17 --    $647k   $969k
7/1/17 --    $655k   $978k
Title: Re: Race from 500k to 1M!
Post by: sw1tch on July 03, 2017, 08:51:13 AM
3/2017 - 515,000
4/2017 - 524,000
5/2017 - 537,500
6/2017 - 560,500 : sold a car and other things; getting ready for FIRE

7/2017 - 578,337 : updated pension amount for OMM (one-more month)


All numbers are investments; no house at the moment.
Title: Re: Race from 500k to 1M!
Post by: caracarn on July 03, 2017, 10:45:36 AM
I'm happy to move over to this "race"!  Just crossed over $500K this quarter. 

Here's my progress thus far:

1/1/2015 - $319,018
3/31/2015 - $358,647
6/30/2015 - $350,887
9/30/2015 - $329,044
12/31/2015 - $340,246
3/31/2016 - $390,030
6/30/2016 - $408.983
9/1/2016 - $447,834
12/31/2016 - $459,043
3/31/2017 - $509,618

Our goal to retire on is $1,000,000 but will need to get to about $1,200,000 first because we want to be done with the mortgage before we call it quits.  Pretty sure we will not be able to keep up the pace as kid's college will be chewing into things for the next 10 years or so, but always good to measure.  Glad to be here!
6/30/2017 - $520,691
Title: Re: Race from 500k to 1M!
Post by: Davids on July 04, 2017, 05:26:29 AM
Including the equity in our home we are at $921K. So close to $1M. As we are expecting our 2nd child in October it may take a little longer to hit the $1M mark.
Title: Re: Race from 500k to 1M!
Post by: UnleashHell on July 04, 2017, 06:02:51 AM
10/30/2016  500k
6/30/2017 600k

12.5k a month. i'm good with that...
Title: Re: Race from 500k to 1M!
Post by: Icecreamarsenal on July 04, 2017, 09:09:50 AM
Hey all, just graduated from the 0.25M to 0.5M thread.
Happy to be on board.

1/15: 88k
2/15: 96k
3/15: 100k
4/15: 115k
5/15: 125k
6/15: 135k
7/15: 144k
8/15: 161k
9/15: 172k
10/15: 186k
11/15: 181k
12/15: 203k
1/16: 297k
2/16: 314k
3/16: 329k
4/16: 344k
5/16: 344k
6/16: 344k
7/16: 345k
8/16: 357k
9/16: 366k
10/16: 380k
11/16: 395k
12/16: 397k
01/17: 320k
02/17: 327k
03/17: 423k
06/17: 525k

Leverage plays with real estate a la wealthy accountant, mmm, and kiyosaki seem to be the way to go.
Title: Re: Race from 500k to 1M!
Post by: BeanCounter on July 05, 2017, 07:21:02 AM
3/1- $846,602 in investments, cash and HSA
6/30- $899,143 in investments, cash and HSA (I am not including our emergency fund, kids 529s or home equity)

That's great improvement in a few months time!
Title: Re: Race from 500k to 1M!
Post by: boarder42 on July 05, 2017, 09:24:06 AM
                  Invest / total
6/24/16 - 362k / 500k NW
12/1/16 - 404k / 550k NW
1/1/17 - 450k / 600k NW
2/1/17 - 462k / 607k NW
5/1/17 - 514k / 666k NW
6/1/17 - 526k / 673k NW
7/1/17 - 542k / 691k NW
Title: Re: Race from 500k to 1M!
Post by: talltexan on July 05, 2017, 02:42:20 PM
I'm sitting in the low $900's right now (including house equity). Took a visit over to the $1 million to $2 million board for inspiration, but actually I think the incredible upward trajectories here are pretty dang inspiring.

Stay strong, guys!
Title: Re: Race from 500k to 1M!
Post by: Bateaux on July 07, 2017, 01:44:48 AM
I'm sitting in the low $900's right now (including house equity). Took a visit over to the $1 million to $2 million board for inspiration, but actually I think the incredible upward trajectories here are pretty dang inspiring.

Stay strong, guys!

We can't wait for you to come aboard!  You're so close!
Title: Re: Race from 500k to 1M!
Post by: Trifele on July 07, 2017, 03:48:45 AM
I'm sitting in the low $900's right now (including house equity). Took a visit over to the $1 million to $2 million board for inspiration, but actually I think the incredible upward trajectories here are pretty dang inspiring.

Stay strong, guys!

I'm right there with you TallTexan.  Debating whether to hop over to the next thread when total NW crosses over $1M, or hang around here until liquid investments alone cross over.  I love this thread! 
Title: Re: Race from 500k to 1M!
Post by: DailyGrindFree on July 07, 2017, 05:52:05 AM
Date             Net Worth
06/19/2016   $480,510
07/09/2016   $490,393
08/06/2016   $494,437
09/05/2016   $498,539
10/05/2016   $503,766
11/04/2016   $501,749
12/05/2016   $512,731
01/05/2017   $518,988
02/04/2017   $527,725
03/04/2017   $542,234
04/04/2017   $555,085
05/03/2017   $567,217
06/03/2017   $580,823
07/02/2017   $582,137


Roughly about $200K is house equity. Rest is in investments and cash.
Title: Re: Race from 500k to 1M!
Post by: YellowCat on July 10, 2017, 04:40:17 PM
Updated to include June 2017:

Jan 2017: $444,411
Feb 2017: $466,365 (+$21,954)
Mar 2017: $473,859 (+$7,494)
Apr 2017: $496,610 (+$22,751)
May 2017: $509,180 (+$12,570)
Jun 2017: $522,280 (+$13,100)
Title: Re: Race from 500k to 1M!
Post by: talltexan on July 12, 2017, 12:43:06 PM
was just reminded that I haven't counted a thing called a "Pension" that my employer has for me. They claim its cash value is about $15,000, so I'm that much closer to the goal!
Title: Re: Race from 500k to 1M!
Post by: Finallyunderstand on July 12, 2017, 02:02:10 PM
Estimates of NW over the years with more concrete values currently
2011: $40k  Real estate sucked (I'm a realtor and own rentals), income was low and equity was non existent.  Tough times!
2012: $55k
2013: $75k
2014: $160k  Being a realtor and also having a large portion of NW in real estate helped income and value go up drastically. (income $155k) plus asset appreciation
2015: $295k  (income $210k) plus asset appreciation
2016: $505k (income $242k) plus asset appreciation
Started using Mint for tracking in 2017
2017: March $515
         April $500 spent money... :(
         May $521
         June $573
         July $588

Onward and upward.  Only discovered MMM this year.  Good luck to all!
Title: Re: Race from 500k to 1M!
Post by: fidreamer on July 13, 2017, 01:24:58 PM
Checked our finances today and we broke 900k in invested assets! Damn, that feels good.  It makes $1m seem right around the corner...this is so freaking exciting.  Trying to take with a grain of salt given markets could tank, but still.  :)

I hit $900,000 today in investments as well.  Feels like a momentous occasion.  And yes markets feel like a towering Jenga game, but let's enjoy it anyway.  ; )
Title: Re: Race from 500k to 1M!
Post by: Roboturner on July 13, 2017, 03:18:55 PM
Checked our finances today and we broke 900k in invested assets! Damn, that feels good.  It makes $1m seem right around the corner...this is so freaking exciting.  Trying to take with a grain of salt given markets could tank, but still.  :)

I hit $900,000 today in investments as well.  Feels like a momentous occasion.  And yes markets feel like a towering Jenga game, but let's enjoy it anyway.  ; )

CONGRATS! we're not far behind you at 840k, can't wait to get there
Title: Re: Race from 500k to 1M!
Post by: Mr. Paws on July 21, 2017, 07:36:59 AM
I am joining.  I am now around 510K in cash and normal investments with a disclaimer.  I am not counting equity in my house. Also, Even though i probably should, i am not counting my tiny equity in a local business because its illiquid and probably wont sell anytime soon. I am not counting the valuation of my small oil and gas royalties I get since i don't know what that would be and I don't plan to sell them. 
Title: Re: Race from 500k to 1M!
Post by: sisto on July 24, 2017, 04:40:06 PM
I haven't updated in quite a while and I hit my interim milestone of having $1M in assets. I hit that consistently in March. My next goal is to hit it in NW and then to hit it in investments only. Hoping everyone is moving along nicely towards their goals too.
Title: Re: Race from 500k to 1M!
Post by: FireHiker on July 24, 2017, 05:37:28 PM
March 28: $667k (liquid), 1.208M (total NW)
April 28: $704k (liquid), 1.193M (total NW)
May 25: $716k (liquid), 1.244M (total NW)
June 27: $734k (liquid), 1.284M (total NW)
July 24: $752k (liquid), 1.287M (total NW)
Title: Re: Race from 500k to 1M!
Post by: talltexan on July 25, 2017, 06:52:08 AM
so I learned about some random "pension" thingy that my employer maintains for me with another $20,000 in it. This covers about 1/3 of the remaining distance for me, but I'm starting to ask myself questions like: "Who do I tell when I get to $1 million?"

I don't want to brag, or make myself a target.

I also don't want to make my wife feel like she can just spend massive amounts of money.

I'm glad I have you guys!
Title: Re: Race from 500k to 1M!
Post by: clarkfan1979 on July 25, 2017, 11:21:35 AM
We are currently at 488K. I should be able to join the race in 2-3 months.
Title: Re: Race from 500k to 1M!
Post by: Acorns on July 25, 2017, 03:44:51 PM

End of 2007: $71,000
End of 2008: $87,600
End of 2009: $202,000
End of 2010: $257,000
2011: $298,000
2012: $364,000
2013: $371,000
2014: $615,000 (This looks like a big jump from 2013 because I started counting in my calculations an investment account which hadn't been counted in prior years)
2015: $644,000
2016: $740,000

Mid year update puts me at $813,000, not including equity in primary residence or rental property. The kind of returns in the current market keep making me think maybe we could actually retire early. I keep waiting for the other shoe to drop (when I will stay the course and be glad to buy equities on sale :-) ).
Title: Re: Race from 500k to 1M!
Post by: Tracyl-5 on July 25, 2017, 04:50:53 PM
We're in this race on the way to our $1.5M goal!  Below are investment accounts only (brokerage, IRAs, 401Ks) as we don't have a house and want what cash we have to be over and above our goal.

Feb-2016:  $506K
Jun-2016:  $554K
Dec-2016:  $613K
Jun-2017:  $706K
Title: Re: Race from 500k to 1M!
Post by: OurTown on July 29, 2017, 01:13:58 PM
July 1, 2017 = $508k
Aug. 1, 2017 = $518k
Title: Re: Race from 500k to 1M!
Post by: jerseymark on July 30, 2017, 05:16:15 PM
July 2017 - $759k Net worth - (Although includes house value with Zillow estimate)
Title: Re: Race from 500k to 1M!
Post by: JustGettingStarted1980 on July 30, 2017, 06:42:43 PM
I'm very glad to say I'm joining this thread. Look forward to the challenge. Great to join recent grads ClarkFan, YellowCat, OurTown, and BBub.

July-17     $496,327.00
Aug-17     $508,958.72 (+12,631)

I use Housing Equity in my NW calculation, and I'll be posting quarterly to keep my sanity.

It took 19 months to complete the last thread, with average gains of about $13,200 per month.  My geektastic spreadsheet projections suggest I can finish this next race in 36 months. I guess we will have to see about that.

JGS
Title: Re: Race from 500k to 1M!
Post by: Trifele on July 31, 2017, 04:19:53 AM
Welcome aboard OurTown, Jersey Mark, and JustGettingStarted! 

My update:
                 Invested/Total NW
5/1/17 --    $631k     $943k
6/1/17 --    $647k     $969k
7/1/17 --    $655k     $978k
8/1/17 --    $665k     $992k

I include house equity (using Zillow estimate) but not emergency fund or 529 savings in total NW.  Getting close!
Title: Re: Race from 500k to 1M!
Post by: NinetyFour on July 31, 2017, 08:40:24 AM
My NW is at $662K.  Not sure I will ever hit $1M, but it's nice to think about!  I'm aiming for $800K when I retire in June 2018.

Now up to $709,418.  :)

I'm now at $745,282.  Onward and upward.
Title: Re: Race from 500k to 1M!
Post by: BeanCounter on July 31, 2017, 09:42:43 AM
3/1- $846,602 in investments, cash and HSA
6/30- $899,143 in investments, cash and HSA (I am not including our emergency fund, kids 529s or home equity)

That's great improvement in a few months time!

7/31- $919,061 investments, cash and HSA
BUT- I know I said I wasn't including home equity as we are not planning to sell to FIRE, but if I DO include it for fun we are conservatively at a NW of $1,003,171!!!
Title: Re: Race from 500k to 1M!
Post by: NinetyFour on July 31, 2017, 10:43:53 AM
CONGRATS, BC!!!  :D
Title: Re: Race from 500k to 1M!
Post by: SCUBAstache on July 31, 2017, 03:59:27 PM
Congrats on the double commas BeanCounter!

Good bump this month, ended July at 751k. Which means I'm over my FI number, woo! Not planning to RE quite yet though.

June 2017: 737k
May 2017: 732k
April 2017: 720k
March 2017: 711k
Feb 2017: 703k
Jan 2017: 680k
Dec 2016: 650k
Dec 2015: 487k
Dec 2014: 412k
Dec 2013: 350k
Title: Re: Race from 500k to 1M!
Post by: BeanCounter on August 01, 2017, 06:38:54 AM
Thanks guys. It's getting sort of surreal. We'll likely hit $1M in investment assets sometime this school year. Which isn't enough for us to truly FIRE on with a family of four and healthcare being what it is, but it opens up a lot of other possibilities. Our youngest will start kindergarten fall of 2018 so we won't have ridiculous day care costs. I could actually start freelancing, contract work, or just working part time to cover tuition and travel. And then in a few more years DH could follow. It's just crazy to think that. And we're not even really mustachian. Or particularly high earners. Just two Midwesterners who have avoided lifestyle inflation and used a budget.
To quote someone else on the forum, "this shit works".
Title: Re: Race from 500k to 1M!
Post by: sw1tch on August 01, 2017, 07:39:16 AM
3/2017 - 515,000
4/2017 - 524,000
5/2017 - 537,500
6/2017 - 560,500 : sold a car and other things; getting ready for FIRE
7/2017 - 578,337 : updated pension amount for OMM (one-more month)

8/2017 - 598,569 : updated pension amount for 2 more weeks

All numbers are investments; no house at the moment.
Title: Re: Race from 500k to 1M!
Post by: Roots&Wings on August 01, 2017, 11:49:12 AM
Way to go BeanCounter! And sw1tch, congrats on your soon-to-be-FIRE status and pension security! What are your FIRE plans?
Title: Re: Race from 500k to 1M!
Post by: skcook on August 01, 2017, 01:00:53 PM
Currently at $497k, so scoping out the next group to join. Barring something absurd happening see you guys next month!
Title: Re: Race from 500k to 1M!
Post by: sw1tch on August 01, 2017, 02:20:41 PM
Way to go BeanCounter! And sw1tch, congrats on your soon-to-be-FIRE status and pension security! What are your FIRE plans?

Everything is very crazy actually.  After FIRE, we have a short trip planned to Maui then going to move away from here to Dallas, TX and get settled.  So many more plans coming up with many huge changes coming.  I think I need to start a journal on the forums.
Title: Re: Race from 500k to 1M!
Post by: Roots&Wings on August 01, 2017, 04:31:28 PM
You should totally start a journal, Maui sounds like an awesome FIREmoon :) I hear there's an active MMM group in Dallas too. Exciting times!
Title: Re: Race from 500k to 1M!
Post by: Bill76 on August 02, 2017, 07:05:45 AM
Joining this group at ~$567k invested as of 7/31/2017.

This doesn't include cash/emergency fund, home equity, or the present value of my vested, but frozen, pension at work.
Title: Re: Race from 500k to 1M!
Post by: justaguy on August 02, 2017, 07:59:57 AM
6/25/2017 – $410,407 invested + $243,090 house equity = $653,497
7/25/2017 - $416,852 invested + $213,063 home equity = $629,915 – not sure why Zillow said my home value went down? Oh well, we aren’t selling it this month anyway :)
Title: Re: Race from 500k to 1M!
Post by: YellowCat on August 02, 2017, 02:33:49 PM
Jan 2017: $444,411
Feb 2017: $466,365 (+$21,954)
Mar 2017: $473,859 (+$7,494)
Apr 2017: $496,610 (+$22,751)
May 2017: $509,180 (+$12,570)
Jun 2017: $522,280 (+$13,100)
Jul 2017: $539,829 ($17,549)

Another wild month! we've significantly surpassed our goal of 400k NW by Brown Bear's 30th birthday later this month!
Title: Re: Race from 500k to 1M!
Post by: OurTown on August 03, 2017, 08:24:57 AM
Dude!  The rate of NW gains on this thread is incredible.
Title: Re: Race from 500k to 1M!
Post by: OurTown on August 03, 2017, 08:40:19 AM
On the home equity question, I do include it b/c the paid-for house will be part of my FIRE calculation.  I use the "Zestimate" but I don't track the fmv monthly because the volatility of Zillow fucks up my trend line.  I will adjust the fmv from Zestimate about once a year; that should capture any significant changes in fmv.  I do track the home equity monthly so payments on principal do show up in the new worth trend line.  FWIW I am in year four of a fifteen year mortgage, I am not paying down early until after I reach my magic number in invested assets.  Then the plan is to continue working one or two more years and pay off the remaining balance.
Title: Re: Race from 500k to 1M!
Post by: Trifele on August 03, 2017, 09:41:27 AM
Dude!  The rate of NW gains on this thread is incredible.

I know!  Yes, the market is way up, but it really is surreal how fast the 'stache can grow once it gets big.  I haven't looked at the $1M - $2M thread, but there must be some really staggering gains there.
Title: Re: Race from 500k to 1M!
Post by: Finallyunderstand on August 03, 2017, 09:51:30 AM
Estimates of NW over the years with more concrete values currently
2011: $40k  Real estate sucked (I'm a realtor and own rentals), income was low and equity was non existent.  Tough times!
2012: $55k
2013: $75k
2014: $160k  Being a realtor and also having a large portion of NW in real estate helped income and value go up drastically. (income $155k) plus asset appreciation
2015: $295k  (income $210k) plus asset appreciation
2016: $505k (income $242k) plus asset appreciation
Started using Mint for tracking in 2017
2017: March $515
         April $500 spent money... :(
         May $521
         June $573
         July $588
         

Onward and upward.  Only discovered MMM this year.  Good luck to all!

Aug 2017: $605k
Title: Re: Race from 500k to 1M!
Post by: Tracyl-5 on August 03, 2017, 04:53:06 PM
We're in this race on the way to our $1.5M goal!  Below are investment accounts only (brokerage, IRAs, 401Ks) as we don't have a house and want what cash we have to be over and above our goal.

Feb-2016:  $506K
Jun-2016:  $554K
Dec-2016:  $613K
Jun-2017:  $706K

Jul-2017:  $722K (+$16K)

Only about $5K of that was what we (and our company matches) added to our accounts! 
We really are starting to see our money make money for us!
Title: Re: Race from 500k to 1M!
Post by: BayAreaFrugal on August 04, 2017, 11:38:17 AM
Officially joining this thread! As of August 1, we have about $200k in retirement, $200k (very conservative estimate, probably closer to $300k) in home equity, and $100k in other investments.

I can't wait for that next comma!
Title: Re: Race from 500k to 1M!
Post by: boarder42 on August 05, 2017, 02:44:05 AM
                  Invest / total
6/24/16 - 362k / 500k NW
12/1/16 - 404k / 550k NW
1/1/17 - 450k / 600k NW
2/1/17 - 462k / 607k NW
5/1/17 - 514k / 666k NW
6/1/17 - 526k / 673k NW
7/1/17 - 542k / 691k NW
8/1/17 - 557k / 707k NW
Title: Re: Race from 500k to 1M!
Post by: Zamboni on August 05, 2017, 08:07:28 AM
Joining, hooray!

This is just for me (not counting other half's wealth)

Numbers for end of month:
Month Year: Investments
June 2017: 504K
July 2017: 523K
Title: Re: Race from 500k to 1M!
Post by: wkumtrider on August 07, 2017, 05:14:33 AM
As of this morning I'm at $903,000.  I can't believe it as it has been some time since I looked at everything.  Hoping to hit the $1 million mark soon, as long as stocks continue to do well.
Title: Re: Race from 500k to 1M!
Post by: Done by Forty on August 10, 2017, 09:19:20 PM
Better late to the game than never!

At $834k liquid ($916k NW) as of the start of August. Stopped doing net worth posts on the blog a couple years ago but kind of miss the accountability and external motivation, so excited to check in here!
Title: Re: Race from 500k to 1M!
Post by: fiStressRelief on August 10, 2017, 10:29:47 PM
Alright I'm in for the accountability.

Family of 4, avg cost of living area. Hope to retire or scale back in 3.5 years (or sooner).

I like the format where home equity is separate.

Liquid / Total
1/1/17 - 472k / 833k
2/1/17 - 474k / 843k
3/1/17 - 494k / 864k
4/1/17 - 508k / 875k
5/1/17 - 523k / 893k
6/1/17 - 547k / 915k
7/1/17 - 553k / 923k
8/1/17 - 571k / 933k

Sent from my Nexus 5X using Tapatalk

Title: Re: Race from 500k to 1M!
Post by: Chairman on August 16, 2017, 10:46:24 AM
Joining the club. Currently about 720k investible, 200k owed on mortgage, about 250k home equity. Not sure when/if I'll get to 1m; may semi-FIRE before then.
Updated numbers: 894k investible, 183k owed on mortgage, about 313k home equity. If the market were to stay flat, would probably hit 1m investible around 6 months from now.
Title: Re: Race from 500k to 1M!
Post by: boarder42 on August 16, 2017, 06:20:01 PM
Alright I'm in for the accountability.

Family of 4, avg cost of living area. Hope to retire or scale back in 3.5 years (or sooner).

I like the format where home equity is separate.

Liquid / Total
1/1/17 - 472k / 833k
2/1/17 - 474k / 843k
3/1/17 - 494k / 864k
4/1/17 - 508k / 875k
5/1/17 - 523k / 893k
6/1/17 - 547k / 915k
7/1/17 - 553k / 923k
8/1/17 - 571k / 933k

Sent from my Nexus 5X using Tapatalk

Have you taken the time to calculate how much that much home equity has cost you ?
Title: Re: Race from 500k to 1M!
Post by: Bateaux on August 17, 2017, 06:10:50 PM
Dude!  The rate of NW gains on this thread is incredible.

I know!  Yes, the market is way up, but it really is surreal how fast the 'stache can grow once it gets big.  I haven't looked at the $1M - $2M thread, but there must be some really staggering gains there.
Our gains are so substantial we don't even communicate anymore.   We bundle our money under our pillows and just nap.  I don't even have a clue really.  I'm gaining ground at better than $500 a day.  1.75M currently in most Index 500 and Total Stock Index.  House and everything else is paid off.  It's worth something.   You don't worry about home equity so much on the next threads.  I cheat and include the house to post in the 2M to 3M thread.
Title: Re: Race from 500k to 1M!
Post by: fiStressRelief on August 17, 2017, 11:18:44 PM
Alright I'm in for the accountability.

Family of 4, avg cost of living area. Hope to retire or scale back in 3.5 years (or sooner).

I like the format where home equity is separate.

Liquid / Total
1/1/17 - 472k / 833k
2/1/17 - 474k / 843k
3/1/17 - 494k / 864k
4/1/17 - 508k / 875k
5/1/17 - 523k / 893k
6/1/17 - 547k / 915k
7/1/17 - 553k / 923k
8/1/17 - 571k / 933k

Sent from my Nexus 5X using Tapatalk

Have you taken the time to calculate how much that much home equity has cost you ?
In hindsight in this bull market it has cost me quite a bit IMO without crunching the exact numbers.  However it has been paid off since Jan  and I am holding the value steady in my networth calcs because I don't trust the automated estimation.  Additionally it had been a big part of getting the wife on board with the mmm mindset, so not a total loss.

Sent from my Nexus 5X using Tapatalk

Title: Re: Race from 500k to 1M!
Post by: marty998 on August 18, 2017, 05:24:20 AM
Yay!

Quest complete! I think I've made it to 1,007,000. If I put up the value of my properties to fair market value I'm probably somewhere around $1,150,000 but I really don't believe the local hype on real estate.


Honestly though I don't feel much different which is a shame. Still too much in home and post retirement accounts. Not enough investments that I could actually use between now and 65.

Having said that I can upsize the goal to something larger now. That can only be a good thing.
Title: Re: Race from 500k to 1M!
Post by: boarder42 on August 18, 2017, 06:08:57 AM
Yay!

Quest complete! I think I've made it to 1,007,000. If I put up the value of my properties to fair market value I'm probably somewhere around $1,150,000 but I really don't believe the local hype on real estate.


Honestly though I don't feel much different which is a shame. Still too much in home and post retirement accounts. Not enough investments that I could actually use between now and 65.

Having said that I can upsize the goal to something larger now. That can only be a good thing.

does australia not have ways to access this money early like we have in the states.  you'd have to think there is some loop hole.
Title: Re: Race from 500k to 1M!
Post by: mustachepungoeshere on August 18, 2017, 04:11:17 PM
Yay!

Quest complete! I think I've made it to 1,007,000. If I put up the value of my properties to fair market value I'm probably somewhere around $1,150,000 but I really don't believe the local hype on real estate.


Honestly though I don't feel much different which is a shame. Still too much in home and post retirement accounts. Not enough investments that I could actually use between now and 65.

Having said that I can upsize the goal to something larger now. That can only be a good thing.

does australia not have ways to access this money early like we have in the states.  you'd have to think there is some loop hole.

Early access to super is tightly managed (for good reason). You can be granted early access if you can demonstrate hardship (illness, bank repossessing your house), but there are still penalties.

Also, I'm 99 per cent sure Marty doesn't want early access to super. If he was concerned about having too much money locked up in it, he wouldn't be salary sacrificing.
Title: Re: Race from 500k to 1M!
Post by: Roots&Wings on August 19, 2017, 05:56:04 AM
Congrats marty!!! Here's to continued success, upping the non-retirement accounts, or whatever your goals might be :)
Title: Re: Race from 500k to 1M!
Post by: talltexan on August 20, 2017, 01:05:40 PM

Have you taken the time to calculate how much that much home equity has cost you ?
In hindsight in this bull market it has cost me quite a bit IMO without crunching the exact numbers.  However it has been paid off since Jan  and I am holding the value steady in my networth calcs because I don't trust the automated estimation.  Additionally it had been a big part of getting the wife on board with the mmm mindset, so not a total loss.

Sent from my Nexus 5X using Tapatalk

My wife raised the issue of finances with me yesterday (I think we're currently about 5% shy of the goal on this thread). I'm still searching for ways to try to express the Mustachian values to her.
Title: Re: Race from 500k to 1M!
Post by: FireHiker on August 24, 2017, 02:54:23 PM
March 28: $667k (liquid), 1.208M (total NW)
April 28: $704k (liquid), 1.193M (total NW)
May 25: $716k (liquid), 1.244M (total NW)
June 27: $734k (liquid), 1.284M (total NW)
July 24: $752k (liquid), 1.287M (total NW)
August 24: $753k (liquid), 1.303M (total NW)

husband's 401k has not done real well this past month. Mine has been mediocre. Property value is up, again.
Title: Re: Race from 500k to 1M!
Post by: talltexan on August 28, 2017, 01:10:11 PM
I'm suddenly wondering if I haven't already passed. There are a couple of little accounts (like a Health savings account) I haven't been tracking in my wealth accounting, but $15,000 here, $15,000 there, and pretty soon we're talking about serious $$$.
Title: Re: Race from 500k to 1M!
Post by: mynewchoice on August 28, 2017, 04:00:15 PM
Thought I would join in on the fun, and looked back through my spreadsheets to see when I became eligible for this group.  My progress is not quite as impressive as some but on the bright side it still has me on track for my goal.  I have not included home equity, college savings, or a few other accounts like emergency savings and HSA (only just started maxing this out to try and get to my goal quicker).  These are just my tax-deferred accounts.

07/01/16   - 492k
08/01/16   - 518k
09/01/16   - 526k
10/01/16   - 523k
11/01/16   - 509k
12/01/16   - 531k
01/01/17   - 546k
02/01/17   - 560k
03/01/17   - 582k
04/01/17   - 594k
05/01/17   - 603k
06/01/17   - 617k
07/01/17   - 620k
08/01/17   - 633k

As I mentioned, I have been crunching numbers lately to try and expedite my FIRE goal and plan to begin stashing some more money in my taxable account or try to clean up some old tIRAs to do a backdoor Roth.  The taxable account is another one I have not currently included above as it has a few stocks from before I became a steadfast indexer.
Title: Re: Race from 500k to 1M!
Post by: OurTown on August 31, 2017, 06:05:20 PM
July 1, 2017 = $508k
Aug. 1, 2017 = $518k
Sept. 1, 2017 = $523k
Title: Re: Race from 500k to 1M!
Post by: Trifele on August 31, 2017, 07:07:05 PM
Monthly update:

                 Invested/Total NW
5/1/17 --    $631k     $943k
6/1/17 --    $647k     $969k
7/1/17 --    $655k     $978k
8/1/17 --    $665k     $992k
9/1/17 --    $672k     $999k

Boy howdy.  :)
Title: Re: Race from 500k to 1M!
Post by: sw1tch on September 01, 2017, 03:23:55 AM
3/2017 - 515,000
4/2017 - 524,000
5/2017 - 537,500
6/2017 - 560,500 : sold a car and other things; getting ready for FIRE
7/2017 - 578,337 : updated pension amount for OMM (one-more month)
8/2017 - 598,569 : updated pension amount for 2 more weeks

All numbers are investments; no house at the moment.

Monthly update:
9/2017 -  606,447
Title: Re: Race from 500k to 1M!
Post by: fiStressRelief on September 01, 2017, 01:24:16 PM
Alright I'm in for the accountability.

Family of 4, avg cost of living area. Hope to retire or scale back in 3.5 years (or sooner).

I like the format where home equity is separate.

Liquid / Total
1/1/17 - 472k / 833k
2/1/17 - 474k / 843k
3/1/17 - 494k / 864k
4/1/17 - 508k / 875k
5/1/17 - 523k / 893k
6/1/17 - 547k / 915k
7/1/17 - 553k / 923k
8/1/17 - 571k / 933k

9/1/17 - 587k / 952k
Good month, holding steady but have some medical bills coming due that might hold down next month a little.
Title: Re: Race from 500k to 1M!
Post by: Finallyunderstand on September 01, 2017, 01:43:18 PM
Estimates of NW over the years with more concrete values currently
2011: $40k  Real estate sucked (I'm a realtor and own rentals), income was low and equity was non existent.  Tough times!
2012: $55k
2013: $75k
2014: $160k  Being a realtor and also having a large portion of NW in real estate helped income and value go up drastically. (income $155k) plus asset appreciation
2015: $295k  (income $210k) plus asset appreciation
2016: $505k (income $242k) plus asset appreciation
Started using Mint for tracking in 2017
2017: March $515
         April $500 spent money... :(
         May $521
         June $573
         July $588
         Aug $605k
         Sep $647k
Title: Re: Race from 500k to 1M!
Post by: Done by Forty on September 01, 2017, 04:13:23 PM
Check in time!

8/1/17: $834k liquid ($916k NW)
9/1/17: $841k liquid ($921k NW)
Title: Re: Race from 500k to 1M!
Post by: mynewchoice on September 01, 2017, 10:09:35 PM
Latest update:

07/01/17   620k
08/01/17   633k
09/01/17   640k

Planning to start regular contributions to my taxable account as well; trimming some fat from the budget and anything that we save there will be directed into our Vanguard account.
Title: Re: Race from 500k to 1M!
Post by: marty998 on September 01, 2017, 10:42:02 PM
Yay!

Quest complete! I think I've made it to 1,007,000. If I put up the value of my properties to fair market value I'm probably somewhere around $1,150,000 but I really don't believe the local hype on real estate.


Honestly though I don't feel much different which is a shame. Still too much in home and post retirement accounts. Not enough investments that I could actually use between now and 65.

Having said that I can upsize the goal to something larger now. That can only be a good thing.

does australia not have ways to access this money early like we have in the states.  you'd have to think there is some loop hole.

Early access to super is tightly managed (for good reason). You can be granted early access if you can demonstrate hardship (illness, bank repossessing your house), but there are still penalties.

Also, I'm 99 per cent sure Marty doesn't want early access to super. If he was concerned about having too much money locked up in it, he wouldn't be salary sacrificing.

This is true - you can't access it early except for those factors listed, and even then it comes with severe and significant tax penalties.

No loopholes. In exchange for the lockup you get massive tax concessions. That's how it works.

My actual usable net investments are about $300k right now, but it's mostly tied up in Property which is high growth/low yield here. Will soon have to switch the balance in favour of high yielding shares if I want to make ER a reality.
Title: Re: Race from 500k to 1M!
Post by: NinetyFour on September 02, 2017, 04:49:59 AM
My NW is at $662K.  Not sure I will ever hit $1M, but it's nice to think about!  I'm aiming for $800K when I retire in June 2018.

Now up to $709,418.  :)

I'm now at $745,282.  Onward and upward.

12/27/17:  $662,000
4/28/17:   $709,418
7/31/17:   $745,282
9/2/17:    $758,290
Title: Re: Race from 500k to 1M!
Post by: dreams_and_discoveries on September 02, 2017, 07:58:00 AM
Monthly update:

                 Invested/Total NW
5/1/17 --    $631k     $943k
6/1/17 --    $647k     $969k
7/1/17 --    $655k     $978k
8/1/17 --    $665k     $992k
9/1/17 --    $672k     $999k

Boy howdy.  :)


So near...just another $1k...
Title: Re: Race from 500k to 1M!
Post by: SCUBAstache on September 03, 2017, 06:06:03 PM
Ended August at 752k... a mere +1k, lowest gain I've had for a while. But hey, a gain is a gain! I think it was a little off because of the timing of some work reimbursements, and I already seem to be up +8k in September so far, so hopefully it'll all balance out.

July 2017: 751k
June 2017: 737k
May 2017: 732k
April 2017: 720k
March 2017: 711k
Feb 2017: 703k
Jan 2017: 680k
Dec 2016: 650k
Dec 2015: 487k
Dec 2014: 412k
Dec 2013: 350k
Title: Re: Race from 500k to 1M!
Post by: FireLane on September 03, 2017, 07:43:17 PM
Currently I'm at about 700K in liquid assets, plus or minus a few thousand depending on the markets. My master spreadsheet says I should join the double comma club sometime in 2018. Hope to see you all there!

It's been a while since I checked in, but I'm happy to say I'm ahead of schedule! About $949K at the end of last month.

It's definitely the bull market I have to credit for this, as monthly investing gains are starting to outpace my contributions. If it keeps going at this pace, I'll hit my $1M goal before the end of the year, not 2018 as I originally guessed.

Well, I've officially graduated this thread. I did my month-end account statements, and the total of all my investments sits at $1,000,297.32.

I know this is just a number, and if the market dips even a little, I'll be back below seven figures. But even if it's symbolic, it feels good. If I can do this, you can too. Keep on 'stashing, friends!
Title: Re: Race from 500k to 1M!
Post by: mynewchoice on September 03, 2017, 09:53:30 PM
Well, I've officially graduated this thread. I did my month-end account statements, and the total of all my investments sits at $1,000,297.32.

I know this is just a number, and if the market dips even a little, I'll be back below seven figures. But even if it's symbolic, it feels good. If I can do this, you can too. Keep on 'stashing, friends!

That's awesome, congrats on reaching that next milestone!
Title: Re: Race from 500k to 1M!
Post by: NinetyFour on September 04, 2017, 03:29:41 AM
Congratulations, FireLane!!
Title: Re: Race from 500k to 1M!
Post by: SCUBAstache on September 04, 2017, 07:25:27 AM
Great job FireLane! Must be an awesome feeling :) Are you planning to mark the occasion somehow?
Title: Re: Race from 500k to 1M!
Post by: FireLane on September 04, 2017, 06:42:22 PM
Great job FireLane! Must be an awesome feeling :) Are you planning to mark the occasion somehow?

Thanks! Nothing huge, but the wife and I did open a nice bottle of wine we'd been saving for a while. :)
Title: Re: Race from 500k to 1M!
Post by: skcook on September 04, 2017, 07:54:26 PM
Hey hey party people, glad to be joining the group for real this month! Today's NW is $538k.

We've been helped along in our journey by the real estate market in our neighborhood going bonkers but we've made pretty decent progress on our own merits too: by my count we're up $200k from September 2016, only half of which is quasi-pretend house money. I expect it to be a somewhat longer slog to a million (current goal is 2022), but I've been surprised thus far by the rate of our progress so who knows?

Kudos to everyone for their inspiring progress!
Title: Re: Race from 500k to 1M!
Post by: ShadowRegent on September 05, 2017, 05:40:13 PM
I'll join this thread as well!

Here's my last 6 months:

8/2017 - $810k
7/2017 - $742k
6/2017 - $737k
5/2017 - $715k
4/2017 - $701k
3/2017 - $682k
Title: Re: Race from 500k to 1M!
Post by: YellowCat on September 06, 2017, 11:42:19 AM
Jan 2017: $444,411
Feb 2017: $466,365 (+$21,954)
Mar 2017: $473,859 (+$7,494)
Apr 2017: $496,610 (+$22,751)
May 2017: $509,180 (+$12,570)
Jun 2017: $522,280 (+$13,100)
Jul 2017: $539,829 ($17,549)
Aug 2017: $547,156 (+$7,327)

We're already over $100k increase in NW so far this year...I don't expect that trend to last indefinitely but boy it's fun to watch! It's also hard to believe that an increase of "just" $7k in a given month feels very small at this point.
Title: Re: Race from 500k to 1M!
Post by: talltexan on September 06, 2017, 02:05:49 PM
i was listening to Paul Merriman's investing podcast, and he talked about looking at your statement, and imagining it was 50% of that number...I cannot say I recommend doing this.
Title: Re: Race from 500k to 1M!
Post by: OurTown on September 07, 2017, 03:12:50 AM
If there is a crash maybe we should all stay logged off from our accounts until it recovers.
Title: Re: Race from 500k to 1M!
Post by: Chairman on September 07, 2017, 07:34:00 AM
i was listening to Paul Merriman's investing podcast, and he talked about looking at your statement, and imagining it was 50% of that number...I cannot say I recommend doing this.
That's exactly why you should look at it.
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on September 07, 2017, 05:51:35 PM
New to the thread here.  Just joined the forums a couple weeks ago and look forward to the encouragement. 

I see that some take the view of excluding home equity for the context of one's 'stache. I think that's a good way to look at things, since the vaunted 4% SFR would exclude that in most people's view.   Obviously a true statement of NW would include that equity number. 

I've been watching the slow approach of the 1M stache number for a few years now.   I include one of my pensions, as it is a 'cash value' pension for which I can see quarterly statements and would be immediately rolled into an IRA whenever I cut the cord and 'RE' (currently scheduled for 2022). 

Here's how I've progressed

year    'stache    NW (with home equity)
2014 -  598K   /  671K
2015 -  668K   /  765K
2016 -  714K   /  825K
2017 -  792K   /  931K

so close.  And yet so far.  I realize it's basically a meaningless number, but there's something motivating about having 'A MILLION DOLLARS'.   They say the first one is the hardest, so I figure numbers 2 and 3 should arrive in mere months after I ring the bell on the first mil   : )

Title: Re: Race from 500k to 1M!
Post by: Trifele on September 08, 2017, 04:32:01 AM
Welcome aboard Tempus Fugit! 

One fun thing about this thread is that you get to celebrate multiple $1M crossings, depending on what you are including in your total NW.  Earlier this year I was including our kids' college savings account and our emergency fund, and was truly shocked when that total NW crossed over 1M.  Then I trimmed those out of my tracking and am now counting only liquid investments and the house.  Very soon (like -- this week, haha) that NW will cross over.  After that I'll stick around this thread and watch just the liquid investments grow.  Big celebration on tap when the liquid investments alone cross over $1M, if we ever get there.  (We are FIREing in 2019).

Good luck on your journey! 
Title: Re: Race from 500k to 1M!
Post by: Zamboni on September 10, 2017, 01:18:34 PM
This is just for me (not counting other half's wealth)

Numbers for end of month:
Month Year: Investments
June 2017: 504K
July 2017: 523K
Decided to add in home equity and give net worth as second number:
Aug 2017: 533K / 666K
Title: Re: Race from 500k to 1M!
Post by: savedough on September 16, 2017, 01:05:02 PM
There are so many race threads, but this is the one I (we) currently belong in (for a little bit anyway).

I was at $200K net work when I started tracking in 01/10.  Hit $500K in 10/13 (two kids and two unpaid maternity leaves, one cross-country move during this time).

Reached $900K in 08/17 (seems like it took a while but we remodeled a home, welcomed kiddo #3, took an extended 6 month unpaid mat leave, bought a car with cash).

Hoping to reach $1M in 03/18.    If that holds true, then it will have taken 13 years after graduation from college to reach the first $1M.  Not a race really, just a slow steady climb.

Net worth includes all investments, kids college funds and limited home equity.  I use purchase price as value though it has gone up $50K in value since we bought.   The reason I use purchase price is that if we are relocated, the only purchase price we are guaranteed is the amount we paid.  So every time we move, we see a nice jump in net worth as the equity is realized in my calculations.  I also don't include the value of our pensions because while fairly safe, it feels like counting eggs before they hatch.
Title: Re: Race from 500k to 1M!
Post by: salt cured on September 16, 2017, 04:38:49 PM
Hello! I just finished the race to $500k (and created a new account) and now have my sights set on $1000k! Spouse and I are a two-income household, no kids, and higher income. Together we will gross about $230k this year. Expecting ~$265k next year. But spending is also high, at roughly $90k. We saved $100k last year, are on track for about the same this year, and are looking to boost that to $140k in 2018. If this continues, my most optimistic prediction is that we’ll hit one million in about 36 months.

I have some other other mini-goals (spouse is mostly hands off when it comes to our money). I want to start putting money in a taxable investment account. Currently, all of our investments are tax sheltered since we can put just under $100k/year into IRAs, 401ks, etc (the tax code sure is nutty). We've maxed this space in favor of taxable investments. I also want to avoid getting fired next year. I think I could potentially find a lower stress, higher paying job if I did, but I like my employer, my city, and my house, so I’d like to stay for another 3 to 4 years. Last, we have $12,000 in student loans I’d like to knock out. Sounds crazy, I know, but my in-laws consider it their debt. We only recently started paying anything toward it, and I’m feeling like we should up our payments to be rid of it by end of next year.

Most of our growth (or losses) as we push toward $1000k will be new investments and compounding. We have a house that’s had some decent appreciation (according to Zillow), but I like to be conservative and assume 1% appreciation annually. Anyway, even if Zillow is right, the extra equity would just cover the transaction costs, so it seems kinda moot to me.

Anyway, the data:

Sept 17: $500k
Feb 16: $246k
Jan 14: $180k
Earlier: No records
Title: Re: Race from 500k to 1M!
Post by: catccc on September 17, 2017, 10:15:21 PM
I'm in the middle here, currently at $712K NW and hoping to hit $1M before August 2019, when I turn 40:

2016 Ending NW $712K
End of year goals for-
2017: $815K
2018: $945K
2019: $1,075K

Quarterly-ish update: $775K as of 4/28/2017, making the year end goal very much in sight...

Another update.  This year is looking so nice that a million might be possible before the end of 2018!  At 8/31 we are at $824K, and I've revised our year end goal to $850K, which seems doable.  We are getting so close to $1M, and I know it seems like it's been a long journey, but it was just 3 years ago, 2014, when we were hovering at the half million mark.  To be nearly doubling it in about 4 years sounds a little crazy.  Btw, I don't think I mentioned this before, but there's no home equity in our #s as we are renters.

Title: Re: Race from 500k to 1M!
Post by: badscooter on September 22, 2017, 01:50:28 PM
Hey everyone! Joining the race with everyone else:

Time - Inv/NW
Sept. 2017 - 513K/713K

We're gonna take some bumps pretty soon, with a new home purchase looming, and we're not as close to FIRE as we would like, given that nearly all of our Investments are in retirement accounts, but we're trekking along. :)
Title: Re: Race from 500k to 1M!
Post by: CloserToFree on September 24, 2017, 01:06:05 PM

End of 2013 (year I found MMM):
Investments/cash: 390,000
Home equity: 390,000 (remaining mortgage: 410,000)
Student debt: -35,000
Total:  745,000

End of 2014:
Investments/cash: 435,000
Home equity: 400,000 (remaining mortgage: 400,000)
Student debt: 0
Total: 835,000

End of 2015:
Investments/cash: 650,000
Home equity: 410,000 (remaining mortgage: 390,000)
Total: 1,060,000

End of 2016:
Investments/cash: 820,000
Home equity: 420,000 (remaining mortgage: 380,000)
Total: 1,240,000

Updating with our numbers to date.  Getting scarily close to the magical $1m mark for investments only!

As of September 2017:
Investments/cash: 962,000
Home equity: 438,000
Total: 1,400,000
Title: Re: Race from 500k to 1M!
Post by: Off the Wheel on September 26, 2017, 11:00:06 AM
Long time MMM reader, first time poster! Felt inspired to start making frugality a priority, since this corporate rat race is getting me down. Heavily weighted to home equity because of where I live.

Sept 2017 - $112K(INV), $560K(NW)
Title: Re: Race from 500k to 1M!
Post by: CloserToFree on September 26, 2017, 11:20:43 AM
Welcome robrow!  We're in HCOL too (I assume that's your situation) so I feel your pain :-)
Title: Re: Race from 500k to 1M!
Post by: formerlydivorcedmom on September 26, 2017, 12:04:00 PM
We can finally join you!  We just reached 500k liquid investments / 625k overall net worth [+77k college funds]

End of 2012: 170k / 200k  *(re)married
End of 2013: 295k / 342k
End of 2014: 338k / 388k
End of 2015: 366k / 428k *June - husband quit work to go back to college full-time
End of 2016: 432k / 545k

Sep 2017: 500k / 625k

Our goal had been to reach 500k by Aug 2018.  We seem to be ahead of schedule :)
The next goal has been 1M by Aug 2023.  My husband graduates in May; our schedule will depend a lot on what type of job he lands.
Title: Re: Race from 500k to 1M!
Post by: talltexan on September 28, 2017, 12:17:08 PM
Recent market gains seem to have a lot of people ahead of schedule. I try to squint at my statements and not check them as often so I don't impulsively sell because everyone around me thinks it's going down.
Title: Re: Race from 500k to 1M!
Post by: FireHiker on September 28, 2017, 12:42:04 PM
3/28/17: $667k (liquid), 1.208M (total NW)
4/28/17: $704k (liquid), 1.193M (total NW)
5/25/17: $716k (liquid), 1.244M (total NW)
6/27/17: $734k (liquid), 1.284M (total NW)
7/24/17: $752k (liquid), 1.287M (total NW)
8/24/17: $753k (liquid), 1.303M (total NW)
9/28/17: $783k (liquid), 1.384M (total NW)
Title: Re: Race from 500k to 1M!
Post by: Roots&Wings on September 29, 2017, 06:39:39 AM
Updating

April 2016: $500k -----> saved $54.8k (~75% of income), 90/10 allocation
April 2017: $651k

Gain of $23k this past month alone. These insane market returns cannot continue.

Checking in again at $711k. I keep waiting for the crash.
Title: Re: Race from 500k to 1M!
Post by: Roboturner on September 29, 2017, 09:34:49 AM
Q2 2016:
LNW: 528k
TNW: 720k

Q3 2016:
LNW: 652k
TNW: 845k

YE 2016:
LNW: 685k
TNW: 893k

Q1 2017:
LNW: 800k
TNW: 1001k

Q2 2017:
LNW: 845k
TNW: 1060k

Q3 2017:
LNW: 921k
TNW: 1142k

Our stretch goal at the beginning of our journey was 1MM liquid by YE 2017 - still possible, but looks like early Q1 2018 is more likely. Either way should be a short-timer now!
Title: Re: Race from 500k to 1M!
Post by: OurTown on September 29, 2017, 02:59:30 PM
July 1, 2017 = $508k
Aug. 1, 2017 = $518k
Sept. 1, 2017 = $523k
Oct. 1, 2017 = $543k
Title: Re: Race from 500k to 1M!
Post by: Trifele on September 30, 2017, 06:28:18 AM
Monthly check in!  Very good month -- we crossed over.  :)

                 Invested/Total NW
5/1/17 --    $631k     $943k
6/1/17 --    $647k     $969k
7/1/17 --    $655k     $978k
8/1/17 --    $665k     $992k
9/1/17 --    $672k     $999k
10/1/17 --  $684k     $1,015k    :)

We have a lot of our total NW tied up in our house (HCOL + paying off house early. Don't punch me -- it's a conscious FIRE strategy).   

Anyway -- I guess we graduate on the total NW (yay!)  but will still stick around this thread counting only the liquid investments to watch them grow.  The next thread ($1-2M) feels pretty intimidating.  I'd like to have $1M invested before I join those folks.   
Title: Re: Race from 500k to 1M!
Post by: salt cured on September 30, 2017, 06:57:43 AM
Our first month pushing toward $1MM and it turned out pretty decent! It was our largest increase this year, outside the two months where I receive my bonus.

I was offered another small teaching job (scheduled for Jan) that will pay $10k for 3 hours of classroom time (+ a day of prep). These little jobs are adding up quickly and, coupled with my spouse's recent raise, should really boost next year's gross income. A lot of that will go to the house and her student loans, but I have to admit that I'm eyeing some little luxuries too. So long as we increase our SR to 60% or so (from low 50s currently), I'll be happy.

End of Month Totals
Sep17: $507k
Aug17: $488k
Title: Re: Race from 500k to 1M!
Post by: SCUBAstache on September 30, 2017, 07:41:23 AM
Trifele - congrats on your second comma, that's awesome! Glad you're sticking around here for a while :)

This month was much better for me than last. Ending September at 776k! Cool to think I might see 800k before the end of the year. Another fun yet meaningless milestone... :-)

August 2017: 752k
July 2017: 751k
June 2017: 737k
May 2017: 732k
April 2017: 720k
March 2017: 711k
Feb 2017: 703k
Jan 2017: 680k
Dec 2016: 650k
Dec 2015: 487k
Dec 2014: 412k
Dec 2013: 350k
Title: Re: Race from 500k to 1M!
Post by: ToughMother on September 30, 2017, 10:28:59 AM
Net Worth Benchmarks
4/3/14     $430k (start tracking, thx MMM)
9/19/14    $500k
11/6/14    $550k
5/9/15     $600k
4/13/16    $650k
9/7/16     $700k
5/6/17     $750k
9/9/17     $800k
10/1/17    $810k (today; only $35k is house related, rest are retirement/savings/investment accts)
Title: Re: Race from 500k to 1M!
Post by: Done by Forty on September 30, 2017, 11:05:43 AM
Check in time. :)

8/1/17: $834k liquid ($916k NW)
9/1/17: $841k liquid ($921k NW)
10/1/17: $857k liquid ($941k NW)
Title: Re: Race from 500k to 1M!
Post by: mynewchoice on September 30, 2017, 03:03:32 PM
Latest update on tax-advantaged accounts:

07/01/17   620k
08/01/17   633k
09/01/17   640k
10/01/17   660k
Title: Re: Race from 500k to 1M!
Post by: Zamboni on September 30, 2017, 07:35:57 PM
Happy racing, everyone!

Numbers for end of month:
Month Year: Investments
June 2017: 504K
July 2017: 523K
Decided to add in home equity and give net worth as second number:
Aug 2017: 533K / 666K
Sept 2017: 539K / 679K
Title: Re: Race from 500k to 1M!
Post by: YellowCat on September 30, 2017, 09:49:58 PM
Jan 2017: $444,411
Feb 2017: $466,365 (+$21,954)
Mar 2017: $473,859 (+$7,494)
Apr 2017: $496,610 (+$22,751)
May 2017: $509,180 (+$12,570)
Jun 2017: $522,280 (+$13,100)
Jul 2017: $539,829 ($17,549)
Aug 2017: $547,156 (+$7,327)
Sept 2017: $568,755 (+$21,599)

Despite having just had what feels like a very high spend September (~$5150, ~$1700 of which is for international flights to visit family in February) we somehow managed to gain $21k+ again this month. Not quite sure how it happened, but I'll take it...
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on October 01, 2017, 02:58:52 PM
End of September update

Sep 2017 - 792K   /  931K
Oct 2017 -  802K   /  941K     

This increase is mostly due to market appreciation.  Next month my savings numbers won't be great, on account of the CC bill which includes a $1K car repair and $400 vet bill.  But that's the way it goes. 

Title: Re: Race from 500k to 1M!
Post by: jorjor on October 01, 2017, 08:48:44 PM
Alright, I'm gonna move my tracking over here since we hit 500K NW (including home equity) last month.

Cash & invested / including home equity:

Dec 15: $162k / $257k
Dec 16: $276k / $403k
Aug 17: $373k / $516k
Sep 17: $380k / $523k

A little background: We just had a baby in May. This year has been a bit slower due to that (medical bills and wife's three months of unpaid leave) and some home improvements that needed to be done that we finally did with the baby here. Wife has decided she is going part-time starting in November, so income going forward will be lower, so we're also cutting some expenses. It'll be interesting to see how our growth is impacted by all the recent changes.
Title: Re: Race from 500k to 1M!
Post by: JustGettingStarted1980 on October 01, 2017, 09:01:52 PM

Jan-16      $257,514.77 (+49,787)
April-16    $277,918.06 (+20,403)
July-16     $306,073.47 (+28,155)
Oct -16     $357,689.04 (+53,415)
Jan -17     $405,710.23 (+48,021)
April -17   $446,004.04 (+39,424)
July-17     $496,327.00 (+50,322)
Oct-17      $535,958.74 (+39,631)

With some bonuses coming my way, outside chance of hitting 600K by January 1st. Very much an outside chance as it would beat my previous quarterly record by 15K haha

JGS
Title: Re: Race from 500k to 1M!
Post by: caracarn on October 02, 2017, 09:58:39 AM
I'm happy to move over to this "race"!  Just crossed over $500K this quarter. 

Here's my progress thus far:

1/1/2015 - $319,018
3/31/2015 - $358,647
6/30/2015 - $350,887
9/30/2015 - $329,044
12/31/2015 - $340,246
3/31/2016 - $390,030
6/30/2016 - $408.983
9/1/2016 - $447,834
12/31/2016 - $459,043
3/31/2017 - $509,618
6/30/2017 - $520,691

Our goal to retire on is $1,000,000 but will need to get to about $1,200,000 first because we want to be done with the mortgage before we call it quits.  Pretty sure we will not be able to keep up the pace as kid's college will be chewing into things for the next 10 years or so, but always good to measure.  Glad to be here!
9/30/17 - $553,269
Title: Re: Race from 500k to 1M!
Post by: Done by Forty on October 02, 2017, 01:09:37 PM

Jan-16      $257,514.77 (+49,787)
April-16    $277,918.06 (+20,403)
July-16     $306,073.47 (+28,155)
Oct -16     $357,689.04 (+53,415)
Jan -17     $405,710.23 (+48,021)
April -17   $446,004.04 (+39,424)
July-17     $496,327.00 (+50,322)
Oct-17      $535,958.74 (+39,631)

With some bonuses coming my way, outside chance of hitting 600K by January 1st. Very much an outside chance as it would beat my previous quarterly record by 15K haha

JGS

That's some really impressive progress. You'll hit just about any goal quickly at that rate.
Title: Re: Race from 500k to 1M!
Post by: skcook on October 02, 2017, 03:11:00 PM
Monthly update:

Oct 2017 - $546k
Sep 2017 - $538k
Aug 2017 - $497k
July 2017 - $483k
Jun 2017 - $479k
May 2017 - $454k
Apr 2017 - $448k
Mar 2017 - $435k
Feb 2017 - $433k
Jan 2017 - $410k
Oct 2016 - $370k
Sep 2016 - $330k
Title: Re: Race from 500k to 1M!
Post by: talltexan on October 03, 2017, 08:16:24 AM
Great to see a lot of positive energy here, guys! Mint actually stopped properly loading a couple of accounts, so I'm a little bit in the dark about my net worth until quarterly statements get mailed out on a few things. I could be within 3% of the double-comma club.
Title: Re: Race from 500k to 1M!
Post by: moof on October 03, 2017, 02:52:53 PM
$703k invested as of today, up from ~$550k 15 months ago.  On track to have invested $60k by the end of the year.  Just need it to double (plus inflation) and I'll be at my number.  7 more years..
Title: Re: Race from 500k to 1M!
Post by: sisto on October 03, 2017, 03:58:42 PM
Things are moving along nicely for us, especially considering the fact that we've been spending a lot more on travel the last couple of years.

NW-$891,209 (Real Estate is booming in my area and I haven't updated my home value in a while, it's worth at least $60K more than what I have it at in MINT)
Investments/Cash/HSA-$762,182

I should be hitting the NW goal of $1M in no time.
Title: Re: Race from 500k to 1M!
Post by: Bill76 on October 04, 2017, 10:20:06 AM
9/30/2017   $585K
7/31/2017   $567K

Joining this group at ~$567k invested as of 7/31/2017.

This doesn't include cash/emergency fund, home equity, or the present value of my vested, but frozen, pension at work.
Title: Re: Race from 500k to 1M!
Post by: fiStressRelief on October 04, 2017, 07:05:05 PM




Liquid / Total
1/1/17 - 472k / 833k
2/1/17 - 474k / 843k
3/1/17 - 494k / 864k
4/1/17 - 508k / 875k
5/1/17 - 523k / 893k
6/1/17 - 547k / 915k
7/1/17 - 553k / 923k
8/1/17 - 571k / 933k
9/1/17 - 587k / 952k

Good month, holding steady but have some medical bills coming due that might hold down next month a little.

10/1/17 - 600k / 967k

Rough month at work.  This is keeping me going.
Title: Re: Race from 500k to 1M!
Post by: Trifele on October 05, 2017, 04:01:03 AM



9/1/17 - 587k / 952k
Good month, holding steady but have some medical bills coming due that might hold down next month a little.

10/1/17 - 600k / 967k

Rough month at work.  This is keeping me going.

Sorry things are rough at work, FSR.  Do you have an RE goal?  With your numbers, looks like you might be getting close?   My numbers are similar to yours, and I am planning to pull the trigger 8/1/19.
Title: Re: Race from 500k to 1M!
Post by: Travis on October 05, 2017, 02:34:33 PM
Crossed over $800k today. I was at $650k on 31 Dec 16.  I have another $12k worth of contributions to make before New Years, but at the rate it's going I'm now at the point where my stash is growing at a faster rate than I'm contributing to it (I actually hit that point a couple months ago).
Title: Re: Race from 500k to 1M!
Post by: savedough on October 06, 2017, 11:02:52 AM
There are so many race threads, but this is the one I (we) currently belong in (for a little bit anyway).

I was at $200K net work when I started tracking in 01/10.  Hit $500K in 10/13 (two kids and two unpaid maternity leaves, one cross-country move during this time).

Reached $900K in 08/17 (seems like it took a while but we remodeled a home, welcomed kiddo #3, took an extended 6 month unpaid mat leave, bought a car with cash).

Hoping to reach $1M in 03/18.    If that holds true, then it will have taken 13 years after graduation from college to reach the first $1M.  Not a race really, just a slow steady climb.

Net worth includes all investments, kids college funds and limited home equity.  I use purchase price as value though it has gone up $50K in value since we bought.   The reason I use purchase price is that if we are relocated, the only purchase price we are guaranteed is the amount we paid.  So every time we move, we see a nice jump in net worth as the equity is realized in my calculations.  I also don't include the value of our pensions because while fairly safe, it feels like counting eggs before they hatch.

01/2010  $200K
10/2013 $500K
08/2017 $900K

10/2017 $945K   What a stock market jump this month! At this rate, we could hit the magic number before 2018, but I'm betting it is 02/2018.
Title: Re: Race from 500k to 1M!
Post by: RWD on October 06, 2017, 07:04:40 PM
I am joining this thread. Household net worth, USD.

$0-100k took 17 months.
$100k-250k took 23 months.
$250k-500k took 21 months.
I suspect the next half million will take three to four years. A lot will depend on market performance, one way or the other.

10/1/2017 - 502k
Title: Re: Race from 500k to 1M!
Post by: fiStressRelief on October 06, 2017, 10:46:36 PM



9/1/17 - 587k / 952k
Good month, holding steady but have some medical bills coming due that might hold down next month a little.

10/1/17 - 600k / 967k

Rough month at work.  This is keeping me going.

Sorry things are rough at work, FSR.  Do you have an RE goal?  With your numbers, looks like you might be getting close?   My numbers are similar to yours, and I am planning to pull the trigger 8/1/19.
Hey thanks, another 12+ hr day to round out the week. Hopefully this phase soon.

Goals are 1m for family of 4 but have to get expenses down another 5k.  Also depends on healthcare as I live in a market with only one marketplace provider atm.  Right now I've got Feb 2021 penciled in as my target date but I might go part time sooner.

Sent from my Nexus 5X using Tapatalk

Title: Re: Race from 500k to 1M!
Post by: Bergal on October 08, 2017, 09:10:46 AM
Hello!  I'm joining to keep myself motivated.  I've learned from this forum that what you focus on flourishes!  I didn't begin tracking my net worth until 2015 and I'm just amazed at what a great tool it is for keeping me focused on my goals. 

                    Invested/Total NW
End of 2015  $513k     $752k
End of 2016  $574k     $820k

                    Invested/Total NW
10/1/17 --    $670k     $921k
Title: Re: Race from 500k to 1M!
Post by: talltexan on October 10, 2017, 12:56:08 PM
I updated some account settings on Mint, and...

We are at $1 million total. It depends on an optimistic appraisal of our home, together with some valuations for hard-to-sell items (like my grandmother's electronic organ). I haven't shared the news with my wife, yet, which is unfortunate, as much of the credit is hers. We're settling up with in-laws on a large purchase, and I want to motivate her to negotiate that correctly. But I wanted to celebrate with you badass folks.

I'll still be on here a while longer, but I think I want to divert investment gains toward paying down some debt over the next few months now that we're in the two-comma club.
Title: Re: Race from 500k to 1M!
Post by: OurTown on October 10, 2017, 01:12:09 PM
Applause.
Title: Re: Race from 500k to 1M!
Post by: Bergal on October 11, 2017, 05:49:53 AM
Well done, talltexan! 
Title: Re: Race from 500k to 1M!
Post by: Finallyunderstand on October 11, 2017, 01:42:30 PM
Estimates of NW over the years with more concrete values currently
2011: $40k  Real estate sucked (I'm a realtor and own rentals), income was low and equity was non existent.  Tough times!
2012: $55k
2013: $75k
2014: $160k  Being a realtor and also having a large portion of NW in real estate helped income and value go up drastically. (income $155k) plus asset appreciation
2015: $295k  (income $210k) plus asset appreciation
2016: $505k (income $242k) plus asset appreciation
Started using Mint for tracking in 2017
2017: March $515
         April $500 spent money... :(
         May $521
         June $573
         July $588
         Aug $605k
         Sep $647k
         Oct $650k
Title: Re: Race from 500k to 1M!
Post by: talltexan on October 12, 2017, 07:13:26 AM
$150K in six months is pretty dang impressive, good job!
Title: Re: Race from 500k to 1M!
Post by: Finallyunderstand on October 12, 2017, 09:02:32 AM
$150K in six months is pretty dang impressive, good job!
Thanks!
I wish that it was normal but my job is very seasonal.  Most of my sales (realtor) are in the spring to early fall months and then winter I may tread water with income compared to expenses. 
Title: Re: Race from 500k to 1M!
Post by: Herbert Derp on October 15, 2017, 06:20:49 AM
I'm starting to close in on $1MM!

Milestones:

11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
Title: Re: Race from 500k to 1M!
Post by: dreams_and_discoveries on October 15, 2017, 08:36:29 AM
I'm starting to close in on $1MM!

Milestones:

11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71

Some great progress there Herbet -when you think the two comma club will call?
Title: Re: Race from 500k to 1M!
Post by: Herbert Derp on October 15, 2017, 08:21:59 PM
Some great progress there Herbet -when you think the two comma club will call?

Looks like I'm on track to hit $1MM sometime in the first half of next year!
Title: Re: Race from 500k to 1M!
Post by: asauer on October 16, 2017, 10:58:58 AM
Going up!  Trying not to obsess over when the market contraction will come.

Only tracking cash & investments.  Not including home value.
Aug 2017: 519, 045.81
Sept. 1 2017: 526, 110.79
Oct 1 2017:531,034.52
Title: Re: Race from 500k to 1M!
Post by: CloserToFree on October 18, 2017, 08:24:03 AM
End of 2013 (year I found MMM):
Investments/cash: 390,000
Home equity: 390,000 (remaining mortgage: 410,000)
Student debt: -35,000
Total:  745,000

End of 2014:
Investments/cash: 435,000
Home equity: 400,000 (remaining mortgage: 400,000)
Student debt: 0
Total: 835,000

End of 2015:
Investments/cash: 650,000
Home equity: 410,000 (remaining mortgage: 390,000)
Total: 1,060,000

End of 2016:
Investments/cash: 820,000
Home equity: 420,000 (remaining mortgage: 380,000)
Total: 1,240,000

Well, we did it!!!!  We surpassed $1m in investments.  It's crazy how fast things grow once you have a big pile of money invested (markets going up definitely helped *a lot* too...).  Thanks to everyone for the encouragement, and good luck in your races to $1m!  I'm going to switch over to the race to $2m thread now but will pop in here every now and then to say hi. :)

As of October 2017:
Investments/cash: 1,001,000
Home equity: 430,000
Total: 1,431,000
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on October 18, 2017, 05:32:09 PM

Well, we did it!!!!  We surpassed $1m in investments.  It's crazy how fast things grow once you have a big pile of money invested (markets going up definitely helped *a lot* too...).  Thanks to everyone for the encouragement, and good luck in your races to $1m!  I'm going to switch over to the race to $2m thread now but will pop in here every now and then to say hi. :)

As of October 2017:
Investments/cash: 1,001,000
Home equity: 430,000
Total: 1,431,000


Congrats! Save room for us in the next thread!
Title: Re: Race from 500k to 1M!
Post by: Icecreamarsenal on October 20, 2017, 08:34:03 AM
1/15: 88k
2/15: 96k
3/15: 100k
4/15: 115k
5/15: 125k
6/15: 135k
7/15: 144k
8/15: 161k
9/15: 172k
10/15: 186k
11/15: 181k
12/15: 203k
1/16: 297k
2/16: 314k
3/16: 329k
4/16: 344k
5/16: 344k
6/16: 344k
7/16: 345k
8/16: 357k
9/16: 366k
10/16: 380k
11/16: 395k
12/16: 397k
01/17: 320k
02/17: 327k
03/17: 423k
06/17: 525k
09/17: 544k
Title: Re: Race from 500k to 1M!
Post by: Off the Wheel on October 21, 2017, 11:03:13 AM
I've decided to jump into the 100-250 thread since so much of my NW is in home equity. Hope to see this thread again sooner rather than later. :D
Title: Re: Race from 500k to 1M!
Post by: clarkfan1979 on October 22, 2017, 02:19:22 PM
I finally hit 500K this month. I'm ready to join the race to 1 Million. I'm currently around 503K.


405K in rental house equity
100K in retirement accounts
30K cash
32K student loans (combined rate around 4.75%)

I'm currently doing a cash out refi on a rental property. I'm lowering my rate from 4.75% to 4.625% and pulling out 148K. I will be sitting on 178K cash  in November.

My plan is to buy a fixer upper primary residence within the next 12 months . I'm hoping to buy a home that costs 400K to 425K that needs 50K of repair. The fixed appraisal should be around 550K to 600K. I'm hoping for 75K to 125K of sweat equity.

My current strategy for a  value add is adding a legal income suite that rents for $1200-$1500/month. After living at the house for 2 years and documenting the rental income the buyer pool should increase people you can use 75% of the rental income to qualify. 75% of $1350/month is an extra $1012/month of income.

The typical buyer could afford a payment of $450/month more by counting this rental income, which is about $100,000 of buying power.

Income suites were deemed legal in 2015 by the county, but many illegal income suites still exist. The idea is to buy a house with an illegal income suite and make it legal.

Title: Re: Race from 500k to 1M!
Post by: Icecreamarsenal on October 23, 2017, 08:51:51 AM
I finally hit 500K this month. I'm ready to join the race to 1 Million. I'm currently around 503K.


405K in rental house equity
100K in retirement accounts
30K cash
32K student loans (combined rate around 4.75%)

I'm currently doing a cash out refi on a rental property. I'm lowering my rate from 4.75% to 4.625% and pulling out 148K. I will be sitting on 178K cash  in November.

My plan is to buy a fixer upper primary residence within the next 12 months . I'm hoping to buy a home that costs 400K to 425K that needs 50K of repair. The fixed appraisal should be around 550K to 600K. I'm hoping for 75K to 125K of sweat equity.

My current strategy for a  value add is adding a legal income suite that rents for $1200-$1500/month. After living at the house for 2 years and documenting the rental income the buyer pool should increase people you can use 75% of the rental income to qualify. 75% of $1350/month is an extra $1012/month of income.

The typical buyer could afford a payment of $450/month more by counting this rental income, which is about $100,000 of buying power.

Income suites were deemed legal in 2015 by the county, but many illegal income suites still exist. The idea is to buy a house with an illegal income suite and make it legal.
Hey clarkfan, welcome to this race. I’m in a similar position, with some rental cash flow, and also see you in the alcohol spend thread.
Glhf


Sent from my iPhone using Tapatalk
Title: Re: Race from 500k to 1M!
Post by: roadtrippers on October 24, 2017, 07:25:51 AM
Today is the day! We hit 1 million Net Worth! I expect it to fluctuate, but boy did it feel good to screen shot this today!
Title: Re: Race from 500k to 1M!
Post by: Freedomin5 on October 24, 2017, 08:47:57 AM
Congrats!


We're just jumping over from the race to 500k thread. Just checked our accounts today and are sitting at around $527K net worth.
Title: Re: Race from 500k to 1M!
Post by: sisto on October 25, 2017, 01:22:30 PM
Congrats to those that hit their goals already, great job!
Hard to believe I was here updating just 3 weeks ago, boy this market has been crazy and my company stock is also going gangbusters.
I've updated the house value in Mint now so that gave me a nice jump too. I'm still being pretty conservative with the number though.

NW is now sitting at $935K
Investments/cash/HSA is now sitting at $772K
Title: Re: Race from 500k to 1M!
Post by: formerlydivorcedmom on October 30, 2017, 12:42:49 PM
I'm very jealous of those of you who've graduated from this thread recently - great work!!!

We had a good month, despite some issues.  We sold $4.5k in stock to pay off the car loan and pay part of husband's fall tuition, and due to various family issues, I took 7 days unpaid leave from work in October (e.g., I gave up 25% of our monthly income).     

We spent half a day yesterday refining our categorization in Mint ("Walmart" should not be a spending category...damn, we spent a lot of money there over the last two years and have no clue what it purchased).  Next month, in the brief window when husband chooses to focus on money, we'll start looking into areas where we can cut our excessive spending.


                   Invested/Overall NW
End of 2012: 170k / 200k  *(re)married
End of 2013: 295k / 342k
End of 2014: 338k / 388k
End of 2015: 366k / 428k *June - husband quit work to go back to college full-time
End of 2016: 432k / 545k

Sep 2017: 500k / 625k [+77k college funds]
Oct 2017: 512k / 640k [+79k college funds]
Title: Re: Race from 500k to 1M!
Post by: OurTown on October 31, 2017, 05:52:16 AM
July 1, 2017 = $508k
Aug. 1, 2017 = $518k
Sept. 1, 2017 = $523k
Oct. 1, 2017 = $543k
Nov. 1, 2017 = $550k
Title: Re: Race from 500k to 1M!
Post by: FireHiker on October 31, 2017, 04:43:11 PM

3/28/17: $667k (stash), 1.208M (total NW)
4/28/17: $704k (stash), 1.193M (total NW)
5/25/17: $716k (stash), 1.244M (total NW)
6/27/17: $734k (stash), 1.284M (total NW)
7/24/17: $752k (stash), 1.287M (total NW)
8/24/17: $753k (stash), 1.303M (total NW)
9/28/17: $783k (stash), 1.384M (total NW)
10/31/17: $800k (stash), 1.411M (total NW)
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on October 31, 2017, 05:03:58 PM
The October numbers are in:

                  INV    /  NW
Sep 2017 - 792K   /  931K
Oct 2017 -  802K   /  941K     
Nov 2017-  818K   /  957K

I'll take it.  2% monthly bump to the stash isn't bad.  Maybe our future selves can look back on these good months for comfort when we hit the inevitable bad ones to come.

Title: Re: Race from 500k to 1M!
Post by: salt cured on October 31, 2017, 09:03:18 PM
Oct17: $526k
Sep17: $507k
Aug17: $488k
Title: Re: Race from 500k to 1M!
Post by: Zamboni on October 31, 2017, 09:23:45 PM
Happy Halloween!

Numbers for end of month:
Month Year: Investments
June 2017: 504K
July 2017: 523K
Decided to add in home equity and give net worth as second number:
Aug 2017: 533K / 666K
Sep 2017: 539K / 679K
Oct 2017: 551K / 698K

And all of this is on autopilot  . . .  crazy.
Title: Re: Race from 500k to 1M!
Post by: boarder42 on November 01, 2017, 04:07:28 AM
Invest / total
6/24/16 - 362k / 500k NW
12/1/16 - 404k / 550k NW
1/1/17 - 450k / 600k NW
2/1/17 - 462k / 607k NW
5/1/17 - 514k / 666k NW
6/1/17 - 526k / 673k NW
7/1/17 - 542k / 691k NW
8/1/17 - 557k / 707k NW
11/1/17 - 603k / 753k NW

3/4s of a millionaire. Hoping to hit 1MM total by end of 2018. Market will have to perform avg to get there
Title: Re: Race from 500k to 1M!
Post by: Trifele on November 01, 2017, 06:01:32 AM
Monthly check in

               Invested
5/1/17 --    $631k     
6/1/17 --    $647k     
7/1/17 --    $655k   
8/1/17 --    $665k     
9/1/17 --    $672k     
10/1/17 --  $684k     
11/1/17 --  $702k
Title: Re: Race from 500k to 1M!
Post by: boarder42 on November 01, 2017, 06:02:43 AM
congrats!!
Title: Re: Race from 500k to 1M!
Post by: TheAnonOne on November 01, 2017, 11:10:07 AM
Hello! Joining this thread on exactly Nov 1st, 2017

2015 DEC:252k
--
2016 JAN:260k(+8k)
2016 FEB:281k(+21k)
2016 MAR:285k(+4k)
2016 APR:298k(+13k)
2016 MAY:305k(+7k)
2016 JUN:307k(+2k)
2016 JUL:320k(+13k)
2016 AUG:326k(+6k)
2016 SEP:336k(+10k)
2016 OCT:337k(+1k)
2016 NOV:361k(+24k)
2016 DEC:368k(+7k)
--
2017 JAN:382k(+14k)
2017 FEB:403k(+21k)
2017 MAR:416k(+13k)
2017 APR:427k(+11k)
2017 MAY:436k(+9k)
2017 JUN:449k(+13k)
2017 JUL:464k(+15k)
2017 AUG:478k(+14k)
2017 SEPT:494k(+16k)
2017 OCT:510k(+16k)

+$142k this year! Aiming, for just under 100k in any given year of savings. Though, I am really only tracking worth gains, not savings directly. (So it includes gains/losses in the market) Given 2 month(s) left, and (-42k) more to go, I hit this goal!

Stats to get here!....(will remove for following posts)

Time from 0->250: Was not tracking, I guess you could call age 0 my starting point or my first career job? So anywhere from 5 to 25 years.
Time from 250->500: 22Months
Average gain: 11.7K per month (Includes market + pay + everything)

Title: Re: Race from 500k to 1M!
Post by: Done by Forty on November 01, 2017, 12:34:14 PM
So many people hitting the target! Congrats, everyone.

Check in time. :)

8/1/17: $834k liquid ($916k NW)
9/1/17: $841k liquid ($921k NW)
10/1/17: $857k liquid ($941k NW)
11/1/17: $872k liquid ($959k NW)
Title: Re: Race from 500k to 1M!
Post by: ScottsdaleSaver on November 01, 2017, 01:24:48 PM
9/2017 Update - $670K; $187K in home equity, $10K in cash, remainder in investments

Somewhat embarrassingly, I didn't starting keeping close tabs on my net worth until finding MMM this year. Thankfully, I didn't muck it up too bad up to this point, but I'm hoping to do even better now that I know better! So, let's start here...

6/2017 - $630K; ~$180K in home equity, ~$10K in cash, remainder in investments

Title: Re: Race from 500k to 1M!
Post by: SCUBAstache on November 01, 2017, 02:46:45 PM
October 2017: 790k
September 2017: 776k
August 2017: 752k
July 2017: 751k
June 2017: 737k
May 2017: 732k
April 2017: 720k
March 2017: 711k
Feb 2017: 703k
Jan 2017: 680k
Dec 2016: 650k
Dec 2015: 487k
Dec 2014: 412k
Dec 2013: 350k
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on November 01, 2017, 04:51:22 PM
Following. Motivation to save is waning quickly here. I'm very tempted to just coast on market returns.

When you start thinking that way, just remember that your financial independence equation is two parts:  your stash and your spending level.  While your stash may continue to grow due to market gains, if you are conditioning yourself to keep spending more money, your stash has to be bigger and bigger to support that spending. 

money not saved = money spent (unless you're giving it away or destroying it)
required stash = 24x money spent / year  (if you like the 4% rule)

In a sense, every dollar you don't spend is kind of like $24 added to your stash.  Or more accurately, reducing your annual spending budget by $N has a 24xN impact on the usefulness of your stash. 
Title: Re: Race from 500k to 1M!
Post by: mynewchoice on November 01, 2017, 05:02:10 PM
Latest update on tax-advantaged accounts (added in new Vanguard taxable account, but not including other brokerage account or eFund):

07/01/17   620k
08/01/17   633k
09/01/17   640k
10/01/17   660k
11/01/17   678k
Title: Re: Race from 500k to 1M!
Post by: sw1tch on November 01, 2017, 07:01:35 PM
3/2017 - 515,000
4/2017 - 524,000
5/2017 - 537,500
6/2017 - 560,500 : sold a car and other things; getting ready for FIRE
7/2017 - 578,337 : updated pension amount for OMM (one-more month)
8/2017 - 598,569 : updated pension amount for 2 more weeks
9/2017 - 606,447 : FIRE'd 9/8/2017

All numbers are investments; no house at the moment.

Last 2 months:
10/2017 - 646,326
11/2017 - 654,161

I'm still estimating the pension amounts as I wait around for the actual amount of my rollover.
Title: Re: Race from 500k to 1M!
Post by: monarda on November 01, 2017, 10:57:21 PM
I'll play!

             cash+rental equity       add primary residence equity
1/2016      $507K                              $627K
1/2017      $625K                              $797K

9/2017      $784K                              $904K

1MM dates- very likely sooner.
                3/2021                             12/2018
Title: Re: Race from 500k to 1M!
Post by: talltexan on November 02, 2017, 06:58:43 AM
Following. Motivation to save is waning quickly here. I'm very tempted to just coast on market returns.

We are here to keep you motivated.

Saving is basically a bond. You can keep your 'stache invested more aggressively *IF* you have a high savings rate.
Title: Re: Race from 500k to 1M!
Post by: YellowCat on November 02, 2017, 07:25:33 AM
Jan 2017: $444,411
Feb 2017: $466,365 (+$21,954)
Mar 2017: $473,859 (+$7,494)
Apr 2017: $496,610 (+$22,751)
May 2017: $509,180 (+$12,570)
Jun 2017: $522,280 (+$13,100)
Jul 2017: $539,829 ($17,549)
Aug 2017: $547,156 (+$7,327)
Sept 2017: $568,755 (+$21,599)
Oct 2017: $588,681 (+$19,926)

Fingers crossed we'll hit $600k NW by the end of November!
Title: Re: Race from 500k to 1M!
Post by: skcook on November 02, 2017, 06:12:16 PM
Monthly update:

Nov 2017 - $561k
Oct 2017 - $546k
Sep 2017 - $538k
Aug 2017 - $497k
July 2017 - $483k
Jun 2017 - $479k
May 2017 - $454k
Apr 2017 - $448k
Mar 2017 - $435k
Feb 2017 - $433k
Jan 2017 - $410k
Oct 2016 - $370k
Sep 2016 - $330k

Steady progress from us, which I also see from lots of other folks! Keep up the great work!
Title: Re: Race from 500k to 1M!
Post by: Icecreamarsenal on November 04, 2017, 09:48:09 AM
Being sued for an unknown sum. Protect yourselves out there!


Sent from my iPhone using Tapatalk
Title: Re: Race from 500k to 1M!
Post by: JustGettingStarted1980 on November 04, 2017, 12:30:18 PM
From the restaurant or from the day job?
Title: Re: Race from 500k to 1M!
Post by: talltexan on November 07, 2017, 09:18:05 AM
Being sued for an unknown sum. Protect yourselves out there!


Sent from my iPhone using Tapatalk

I am not an attorney.

But I have been there. Looking back (when it was all over), my regret was that I didn't make higher settlement offers initially, resulting in much higher attorney fees because we got into the expensive discovery phase early.

Also, call your homeowners insurer. Like this minute.
Title: Re: Race from 500k to 1M!
Post by: fidreamer on November 09, 2017, 08:51:11 AM
$962,000 in investments and a dash of cash.  Reaching for the finish line....
Title: Re: Race from 500k to 1M!
Post by: Zoot on November 16, 2017, 05:46:09 AM
Posting to join in the fun, and to say that this...
$0-100k took 17 months.
$100k-250k took 23 months.
$250k-500k took 21 months.
...is awesome.  Both the progress and this way of thinking about it.  Go you, RWD!  :)

I think I might have enough data in Quicken to cobble something like this together, so I'm going to go back and take a look.

Our household hit $1M in net worth roughly a month or two ago, but I won't feel like a "capital m" Millionaire until we hit $1M in liquid assets.  Breakdown is currently $785K liquid, $243K home equity, for a total of $1.028M.

Great work, everybody! 
Title: Re: Race from 500k to 1M!
Post by: Zoot on November 16, 2017, 06:35:20 AM
I think I might have enough data in Quicken to cobble something like this together, so I'm going to go back and take a look.

I've been at this for a while (I'm 50), and my record-keeping was not as good in the early days (for instance, I didn't track my 401(k) in Quicken), but here's what I was able to pull together.

I graduated from a master's program in 1998 at age 31 with a NW of $0.  (No student loans, but no assets other than a beater car, a bunch of books, and a bad case of eye strain.)  I spent a long time as a perpetual student for many reasons--I never really knew what I wanted to do with my life so I kept temporizing.  I made it to ABD in one discipline, decided not to finish (long story), and then did a master's in a different field.  Both programs were decidedly unmarketable.  So while I had no student loans, it's pretty much the same as if I'd financed a four-year degree and took 10 or so years to pay it off. 

Oh, well--hindsight is 20/20, and there were all kinds of personal and psychological issues which led me to take this path.  Thank God I was naturally frugal, born with the saver's gene, and had some good role models for frugality and financial responsibility in my friend base--otherwise things would have been very different. 

On reflection, this was in a time long before anything like the FI/RE movement was anything close to where it is now--the resources and mindset were just not "out there" in the way that they are now.  The closest thing I can think of is the Dave Ramsey thing--the idea of reaching "freedom" from debt, but not "freedom" from working-for-money.  Even now it's a sub-culture for weirdos--a term I use with affection and fully including myself.  :)  That's a topic for a different day, though.

So we'll start the clock in 1998, I guess, which is the first year I finally logged a 5-figure salary ($12K).  ;-) 

NET WORTH PROGRESS
=================================
$0 - $100K:        approximately 6 years (2004)
$100K - $250K:  approximately 5 years (2009)
$250K - $500K:  approximately 4 years (2013)
$500K - $750K:  approximately 2 years (2015)
$750K - $1M:     approximately 2 years (2017)

I feel kind of wimpy next to what all the "kids" (i.e., anyone 15 or more years younger than me!) are doing today, but I can still look back on it with a degree of pride--I did what I could with what I knew, and was always seeking to learn more.  I guess it says something about my savings rate to note that I reached $250K in 2009, since we know what was going on THEN!  ;-)

My two regrets are not learning more about investing earlier, and not marrying my then-best-friend-now-husband 5 years earlier.  ;-)

Title: Re: Race from 500k to 1M!
Post by: RWD on November 16, 2017, 07:18:46 AM
Posting to join in the fun, and to say that this...
$0-100k took 17 months.
$100k-250k took 23 months.
$250k-500k took 21 months.
...is awesome.  Both the progress and this way of thinking about it.  Go you, RWD!  :)

I think I might have enough data in Quicken to cobble something like this together, so I'm going to go back and take a look.
Thanks. I left out the part where it took us four years to get to a positive net worth. We were saving ~$20k per year but it was offset by student loans and the housing crash so it felt like we were making no progress. In 2012 the housing market (in our area) finally started coming back up and we also greatly increased our income which is why $0-100k passed so quickly for us.

Our household hit $1M in net worth roughly a month or two ago, but I won't feel like a "capital m" Millionaire until we hit $1M in liquid assets.  Breakdown is currently $785K liquid, $243K home equity, for a total of $1.028M.

Great work, everybody!
Congrats!
Title: Re: Race from 500k to 1M!
Post by: Chairman on November 16, 2017, 08:10:30 AM
Joining the club. Currently about 720k investible, 200k owed on mortgage, about 250k home equity. Not sure when/if I'll get to 1m; may semi-FIRE before then.
Updated numbers: 894k investible, 183k owed on mortgage, about 313k home equity. If the market were to stay flat, would probably hit 1m investible around 6 months from now.
Quarterly update, November 2017:


Not declaring victory yet though until I have 1m investible and no debt to the bank.
Title: Re: Race from 500k to 1M!
Post by: talltexan on November 16, 2017, 01:00:39 PM
Now that I've limped over the $1million mark, I'm focusing on using my gains to pay down some small debts. Seems just silly to have debt when you're that rich!
Title: Re: Race from 500k to 1M!
Post by: 2Birds1Stone on November 16, 2017, 01:08:00 PM
Reading this entire thread from start to finish has been incredibly motivating!

I'm still a ways from being able to participate.
Title: Re: Race from 500k to 1M!
Post by: NinetyFour on November 17, 2017, 03:58:13 AM
My NW is at $662K.  Not sure I will ever hit $1M, but it's nice to think about!  I'm aiming for $800K when I retire in June 2018.

Now up to $709,418.  :)

I'm now at $745,282.  Onward and upward.

12/27/16:  $662,000
4/28/17:   $709,418
7/31/17:   $745,282
9/2/17:    $758,290
11/17/17:  $803,225

Title: Re: Race from 500k to 1M!
Post by: Roots&Wings on November 18, 2017, 07:22:44 AM
Now that I've limped over the $1million mark, I'm focusing on using my gains to pay down some small debts. Seems just silly to have debt when you're that rich!

Congrats talltexan!!!

And agreed 2Birds, incredibly motivating, great to see what everyone is accomplishing, nice progress all!
Title: Re: Race from 500k to 1M!
Post by: Herbert Derp on November 18, 2017, 07:35:16 AM
More progress is made! Hoping for $1MM in Q1 2018!

Milestones:

11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
Title: Re: Race from 500k to 1M!
Post by: JustGettingStarted1980 on November 18, 2017, 07:35:30 AM
Now that I've limped over the $1million mark, I'm focusing on using my gains to pay down some small debts. Seems just silly to have debt when you're that rich!

Congrats Texan,

I completely agree with your statement. Simplicity is an end in itself. Declutters the brain as well as the soul. 

JGS
Title: Re: Race from 500k to 1M!
Post by: kasperle on November 18, 2017, 09:04:38 AM
Q2 2016:
LNW: 528k
TNW: 720k

Q3 2016:
LNW: 652k
TNW: 845k

YE 2016:
LNW: 685k
TNW: 893k

Q1 2017:
LNW: 800k
TNW: 1001k

Q2 2017:
LNW: 845k
TNW: 1060k

Q3 2017:
LNW: 921k
TNW: 1142k

Our stretch goal at the beginning of our journey was 1MM liquid by YE 2017 - still possible, but looks like early Q1 2018 is more likely. Either way should be a short-timer now!

Congrats! That went rather quickly for you :)

May I ask what sort of wizardry you did to increase your LNW so quickly? Is your combined income just some huge amount, or is there something else contributing?
Title: Re: Race from 500k to 1M!
Post by: Bergal on November 18, 2017, 11:42:20 AM
Belated monthly update.

                    Invested/Cash     Total NW
End of 2015  $513k                $752k
End of 2016  $574k                $820k                   
10/1/17        $670k                $921k
11/1/17        $679k                $931k
Title: Re: Race from 500k to 1M!
Post by: ACyclist on November 19, 2017, 10:12:09 AM
April 2012 208K
April 2013 212K  (Spouse done with degree)
April 2014 294K Uploaded more assets on Mint.  Found the ways of pre-tax saving
April 2015 327K
April 2016 363K
April 2017 470K
Now on Mint: 503K

There are assets missing.  My workplace saving account doesn't play nice with Mint.

Actual 543K
Title: Re: Race from 500k to 1M!
Post by: Off the Wheel on November 19, 2017, 03:53:21 PM
Said I was just going to track investments in a lower thread, but since we are making gains on the principals of our two properties I wanted to stay here too!


mid-Sept 2017 - $551,000
mid-October 2017 - $597,812 (started tracking DH's accounts, hadn't in our net before)
mid-November 2017 - $602,000 (heavy paying off side investment plus holiday spending)
Title: Re: Race from 500k to 1M!
Post by: OurTown on November 21, 2017, 10:44:14 AM
For those of you who get a bonus, how are the bonus prospects looking?  Or as I like to call it, the "jelly of the month club."  In my case, it could be anywhere from $10 to $10,000.  On the last working day before Christmas, we get called back to the office and handed an envelope.  You open it and . . . surprise! 
Title: Re: Race from 500k to 1M!
Post by: talltexan on November 21, 2017, 11:39:42 AM
That...sounds like a nightmare to plan around.

Like, I go out a buy a car, and--get 1% of its purchase price as a bonus.
Title: Re: Race from 500k to 1M!
Post by: doggyfizzle on November 21, 2017, 12:04:19 PM
I'll join; I was on the "race to $500k" thread and blew through $500k without really paying much attention.  Right now liquid NW of $560k, with almost $400k in home equity (yikes!!!), bringing our total NW to $960k.  It'll be a while until we hit $1M in liquid assets, but stacking almost $50k/year before any investment gains means my wife and I should hit it in a couple years.  Reading through this thread sure is motivating though.
Title: Re: Race from 500k to 1M!
Post by: Roboturner on November 21, 2017, 04:05:27 PM
For those of you who get a bonus, how are the bonus prospects looking?  Or as I like to call it, the "jelly of the month club."  In my case, it could be anywhere from $10 to $10,000.  On the last working day before Christmas, we get called back to the office and handed an envelope.  You open it and . . . surprise!

hahaha I hope it's a random drawing as well. Our Bonuses are in March, so still have a bit to trudge through, should be decent this year however
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on November 21, 2017, 04:35:18 PM
For those of you who get a bonus, how are the bonus prospects looking?  Or as I like to call it, the "jelly of the month club."  In my case, it could be anywhere from $10 to $10,000.  On the last working day before Christmas, we get called back to the office and handed an envelope.  You open it and . . . surprise!

Our bonuses happen in the summer.  At least that prevents any foolish overspending on Christmas presents due to poor bonus predictions.  I always think of the best Christmas movie ever made when this topic comes up.

Of course I refer to Christmas Vacation, no doubt the source of your reference. 

Title: Re: Race from 500k to 1M!
Post by: boarder42 on November 21, 2017, 04:48:34 PM
Ours will come out in 2 weeks. I've been able to track my bonus within a few hundred every year with a linear fit curve to past bonuses.  Hoping for a good surprise this year but I doubt it. It will just go up with the curve fit.
Title: Re: Race from 500k to 1M!
Post by: mynewchoice on November 21, 2017, 05:13:19 PM
My company pays out bonuses over the summer as well, as our fiscal year ends in March and there is a multiplier applied to our bonus based on the company performance.  However, I recently learned that I am being laid off next year so while I am working on lining up a new job to coincide with my end date, I will also receive a severance package of nearly a year's salary plus my full bonus next summer.  Not too shabby--unless of course my plans for the next job do not pan out and I find myself unemployed.
Title: Re: Race from 500k to 1M!
Post by: talltexan on November 22, 2017, 07:13:16 AM
I work for a large, publicly traded utility that pays its bonuses in March based on targets set for the previous calendar year.

They do a good job of keeping us informed about how we're doing, and part of the targets are based on our quarterly earnings, which are ultimately made public. Unfortunately, the mild winter at the start of 2017 didn't do us any favors :-(
Title: Re: Race from 500k to 1M!
Post by: Herbert Derp on November 27, 2017, 01:50:02 PM
Getting closer... I still have two more paychecks and my Q4 dividends left in the year. If the republicans manage to pass tax reform before Christmas, that could potentially make me a millionaire by the end of the year!

11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
Title: Re: Race from 500k to 1M!
Post by: rpr on November 27, 2017, 07:17:08 PM
I think I might have enough data in Quicken to cobble something like this together, so I'm going to go back and take a look.

I've been at this for a while (I'm 50), and my record-keeping was not as good in the early days (for instance, I didn't track my 401(k) in Quicken), but here's what I was able to pull together.

I graduated from a master's program in 1998 at age 31 with a NW of $0.  (No student loans, but no assets other than a beater car, a bunch of books, and a bad case of eye strain.)  I spent a long time as a perpetual student for many reasons--I never really knew what I wanted to do with my life so I kept temporizing.  I made it to ABD in one discipline, decided not to finish (long story), and then did a master's in a different field.  Both programs were decidedly unmarketable.  So while I had no student loans, it's pretty much the same as if I'd financed a four-year degree and took 10 or so years to pay it off. 

Oh, well--hindsight is 20/20, and there were all kinds of personal and psychological issues which led me to take this path.  Thank God I was naturally frugal, born with the saver's gene, and had some good role models for frugality and financial responsibility in my friend base--otherwise things would have been very different. 

On reflection, this was in a time long before anything like the FI/RE movement was anything close to where it is now--the resources and mindset were just not "out there" in the way that they are now.  The closest thing I can think of is the Dave Ramsey thing--the idea of reaching "freedom" from debt, but not "freedom" from working-for-money.  Even now it's a sub-culture for weirdos--a term I use with affection and fully including myself.  :)  That's a topic for a different day, though.

So we'll start the clock in 1998, I guess, which is the first year I finally logged a 5-figure salary ($12K).  ;-) 

NET WORTH PROGRESS
=================================
$0 - $100K:        approximately 6 years (2004)
$100K - $250K:  approximately 5 years (2009)
$250K - $500K:  approximately 4 years (2013)
$500K - $750K:  approximately 2 years (2015)
$750K - $1M:     approximately 2 years (2017)

I feel kind of wimpy next to what all the "kids" (i.e., anyone 15 or more years younger than me!) are doing today, but I can still look back on it with a degree of pride--I did what I could with what I knew, and was always seeking to learn more.  I guess it says something about my savings rate to note that I reached $250K in 2009, since we know what was going on THEN!  ;-)

My two regrets are not learning more about investing earlier, and not marrying my then-best-friend-now-husband 5 years earlier.  ;-)

Zoot -- Nice story and even nicer username. Regarding 2007-2009, how did you feel when the market was going through its gyrations.

Title: Re: Race from 500k to 1M!
Post by: Zoot on November 28, 2017, 08:09:59 AM
Zoot -- Nice story and even nicer username. Regarding 2007-2009, how did you feel when the market was going through its gyrations.

Awww, thanks!  :)

2007-2009 was a really tough time.  I was a fairly new investor (having just started putting money in anything other than a cash savings account in early 2002 after my fear of market instability after 9/11), so the huge declines that year were really scary to me.  I was 41 in 2008 when the big declines happened--I remember being at work on the day the big crash (http://money.cnn.com/2008/09/29/markets/markets_newyork/) happened, with a co-worker sitting next to me (who was also doing some investing) and I exchanging updates as we got a moment to check the Dow--"it's down 300!" "Oh, my gosh, it's down 500!"  "Wow, down 700..."  Tough times.

All that time, though, I just kept plugging away--I even upped my 401(k) contribution to the point where I was contributing somewhere like 25% or 28% of my salary (and still not maxing out, if that tells you anything about what I was making at the time).  I had to just hold my breath and make the contributions every month--I never took anything out during that whole time.  I had a decent time horizon ahead of me, had a stable job, and wasn't over-extended on my housing costs, so I was able to weather the storm and keep saving.  I still regard the fact that I managed to do all that without ever having read MMM or JL Collins or any of the resources we are so fortunate to have today as something of a miracle--I was able to put enough together from the resources I did have (Dave Ramsey and Amy Dacyczyn, mostly) to be able to get through it without doing too much damage to my future.

While I count not starting to invest in my 20's rather than my 30's and not investing IMMEDIATELY after 9/11 instead of waiting until January 2002 as two of my biggest financial mistakes, I count staying invested during the crash as one of my better moments. 

Another hindsight moment:  weathering the storm of 2007-2009 was probably a little easier because of the crash that happened (https://en.wikipedia.org/wiki/Stock_market_downturn_of_2002) pretty much immediately after I started investing in January 2002.  As a total, complete, beyond-clueless newbie, I was horrified and panicked, thinking that I had been stupid to ever invest in stocks.  I am thankful that I was working with a financial advisor at the time, and she helped me understand that I just needed to stay the course.  I know the FI/RE community can often rail against advisors and fees in general, but at the time that kind of arrangement was exactly what I needed to keep me from making a really, really bad decision. 

Having been through a number of market downturns now has helped me understand that these things just happen, and we have to be prepared for them.  As I work toward creating a draw-down strategy in the next few years, this will be something I will keep firmly in mind--but I feel just as beyond-clueless about this phase of my investing life as I did way back in 2002.  Thank goodness I do have the resources and this community to help me now!  :)
Title: Re: Race from 500k to 1M!
Post by: rpr on November 28, 2017, 10:01:15 AM
Zoot -- Thank you for narrating your journey. Great story. I like reading actual experiences. You were lucky to have found a good adviser that helped you stay the course. You did have a couple 100K in the market so it must have been difficult to see it's value drop.

I'm a similar age as you and in 2009, I had much less than what you had. I was also just getting started having just discovered bogleheads. In fact, I was out of the country dealing with a family medical emergency and had neither a clue nor cared for what the market was doing. So, I have never really faced a downturn with money in the market.     
Title: Re: Race from 500k to 1M!
Post by: brute on November 29, 2017, 08:00:03 AM
Just getting my foot in the door here today!

History:
2008-1-1: $-5k
2011-1-1: $10k
2014-1-1: $60k - working full time in grad school
2015-1-1: $92k - done with grad school
2016-1-1: $125k
2017-1-1:   $200k;
2017-2-23: $209k
2017-8-31: $230k - major medical bills, but still saving
------------------------------------------------------------
2017-11-29: 506k

I sold a thing I made! Hoping to sell another one in the next few months. It's been tough not going out and blowing a bunch of it on toys, but I'd rather not have to work anymore unless I feel like it.

Title: Re: Race from 500k to 1M!
Post by: talltexan on November 29, 2017, 08:23:57 AM
Check your stuff today guys, I'm showing another big leap in my mint.com total. This must be what the 1990's felt like!
Title: Re: Race from 500k to 1M!
Post by: OurTown on November 29, 2017, 08:31:12 AM
Hope spring eternal.  I should be ready for an update as early as tomorrow night.
Title: Re: Race from 500k to 1M!
Post by: tomorrowsomewherenew on November 29, 2017, 07:45:41 PM
With the recent run-up of the stock market, we're at $504k, so I'm joining the thread. I'm estimating 4-5 years before we hit $1mil. We'll see how this goes.
Title: Re: Race from 500k to 1M!
Post by: gerardc on November 29, 2017, 09:03:11 PM
Sigh, getting sick of this "race" (work).

Now at $754k all invested in stocks, it should be 1.5 years to $1M assuming %0 market return. I've only been working for 3 years, so it could be worse.

I think $1M is my number for quitting FT work; after that I'll try to reach $1.5M eventually by other means (lower spending, occasional work but no pressure/rush to get ahead, maybe business, completely different jobs, etc.).
Title: Re: Race from 500k to 1M!
Post by: OurTown on November 30, 2017, 08:25:54 AM
Dec 1, 2017. Net worth $558k.
Title: Re: Race from 500k to 1M!
Post by: Dicey on November 30, 2017, 09:16:46 AM
Sigh, getting sick of this "race" (work).

Now at $754k all invested in stocks, it should be 1.5 years to $1M assuming %0 market return. I've only been working for 3 years, so it could be worse.

I think $1M is my number for quitting FT work; after that I'll try to reach $1.5M eventually by other means (lower spending, occasional work but no pressure/rush to get ahead, maybe business, completely different jobs, etc.).
Crikey! How'd you get to $754k so fast?? Good on you!
Title: Re: Race from 500k to 1M!
Post by: asauer on November 30, 2017, 10:35:39 AM
Aug 2017: 519, 045.81
Sept. 1 2017: 526, 110.79
Oct 1 2017:531,034.52
Nov 12017: 548,730
Dec 1 2017: 564,953
Title: Re: Race from 500k to 1M!
Post by: OurTown on November 30, 2017, 11:09:16 AM
So, December of 2016 was $438k, and December of 2017 is $558k, for an increase of $120k for the year.  Dude, that's 10 grand a month!
Title: Re: Race from 500k to 1M!
Post by: oldmannickels on November 30, 2017, 11:53:00 AM
Broke $500k this month, so joining this thread. Hoping to hit $1M by 2020.

11/30/2017 - $660k
Title: Re: Race from 500k to 1M!
Post by: gerardc on November 30, 2017, 12:05:39 PM
Sigh, getting sick of this "race" (work).

Now at $754k all invested in stocks, it should be 1.5 years to $1M assuming %0 market return. I've only been working for 3 years, so it could be worse.

I think $1M is my number for quitting FT work; after that I'll try to reach $1.5M eventually by other means (lower spending, occasional work but no pressure/rush to get ahead, maybe business, completely different jobs, etc.).
Crikey! How'd you get to $754k so fast?? Good on you!

Thanks! I got lucky, I guess. I studied in computer science / deep learning in one of the best groups, which is booming right now, so I got a high salary out of school. My stash started with ~$150k from PT jobs and internships during school, so I might count that too + the 3 years + market returns.

I was sick for a long time during school and work worsened my condition, so I got even more frugal by necessity and for survival.
Title: Re: Race from 500k to 1M!
Post by: salt cured on November 30, 2017, 08:57:31 PM
+$20k, a great month

Nov17: $546k
Oct17: $526k
Sep17: $507k
Aug17: $488k
Title: Re: Race from 500k to 1M!
Post by: TheAnonOne on November 30, 2017, 11:12:19 PM
Returning to update . . .

2015 DEC:252k<- Crossed 250k
--
2016 JAN:260k(+8k)
2016 FEB:281k(+21k)
2016 MAR:285k(+4k)
2016 APR:298k(+13k)
2016 MAY:305k(+7k)
2016 JUN:307k(+2k)
2016 JUL:320k(+13k)
2016 AUG:326k(+6k)
2016 SEP:336k(+10k)
2016 OCT:337k(+1k)
2016 NOV:361k(+24k)
2016 DEC:368k(+7k)
--
2017 JAN:382k(+14k)
2017 FEB:403k(+21k)
2017 MAR:416k(+13k)
2017 APR:427k(+11k)
2017 MAY:436k(+9k)
2017 JUN:449k(+13k)
2017 JUL:464k(+15k)
2017 AUG:478k(+14k)
2017 SEPT:494k(+16k)
2017 OCT:510k(+16k) <- Crossed 500k
2017 NOV:523k(+13k)

+$155k this year! Aiming, for just under 100k in any given year of savings. Though, I am really only tracking worth gains, not savings directly. (So it includes gains/losses in the market) Given 1 month(s) left, and (-55k) more to go, I hit this goal!


Given that we devalued our cars by a whopping 6 grand this month we did great. Our stash went up $21,000! (including gains and contributions)
Title: Re: Race from 500k to 1M!
Post by: Trifele on December 01, 2017, 03:37:34 AM
Monthly check in (investments only, not counting house equity).   

               Invested
5/1/17 --    $631k     
6/1/17 --    $647k     
7/1/17 --    $655k   
8/1/17 --    $665k     
9/1/17 --    $672k     
10/1/17 --  $684k     
11/1/17 --  $702k
12/1/17 --  $724k

Great month!  We have gained more than $150k so far this year in our investments. Crazy!  This despite a major gut-renovation/house re-build which has cost us an arm and a leg. 
Title: Re: Race from 500k to 1M!
Post by: boarder42 on December 01, 2017, 04:32:14 AM
Invest / total
6/24/16 - 362k / 500k NW
12/1/16 - 404k / 550k NW
1/1/17 - 450k / 600k NW
2/1/17 - 462k / 607k NW
5/1/17 - 514k / 666k NW
6/1/17 - 526k / 673k NW
7/1/17 - 542k / 691k NW
8/1/17 - 557k / 707k NW
11/1/17 - 603k / 753k NW
12/1/17 - 625k / 775k NW
Title: Re: Race from 500k to 1M!
Post by: NinetyFour on December 01, 2017, 04:45:26 AM



11/28/16:  $644,276
12/27/16:  $662,000
4/28/17:   $709,418
7/31/17:   $745,282
9/2/17:    $758,290
11/17/17:  $803,225
12/1/17:   $819,350


I'm up $175K in one year!  And my assets have now topped 1 million.  Very nice to see!

Great progress everyone!
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on December 01, 2017, 07:56:10 AM
The November numbers are in:

                  INV    /  NW
Jan 2017 -  714K   /  825K             
Sep 2017 - 792K   /  931K
Oct 2017 -  802K   /  941K     
Nov 2017-  818K   /  957K
Dec 2017-  836K   /  975K   

That's +122K liquid assets so far in 2017.   Groovy. 

It's exciting, but I'm also a bit pessimistic about the next few years.   I kind of hope that the tax plan doesn't pass, because I think it's a bit irresponsible.  I guess we'll see in the next few days what that does to the market. 

Better the down years happen sooner than later whilst we're still buying chickens. 
Title: Re: Race from 500k to 1M!
Post by: Done by Forty on December 01, 2017, 09:42:19 AM
So cool to see the progress being made.


8/1/17: $834k liquid ($916k NW)
9/1/17: $841k liquid ($921k NW)
10/1/17: $857k liquid ($941k NW)
11/1/17: $872k liquid ($959k NW)
12/1/17: $889k liquid ($976k NW)
Title: Re: Race from 500k to 1M!
Post by: fiStressRelief on December 01, 2017, 09:44:03 AM
Liquid / Total
1/1/17 - 472k / 833k
2/1/17 - 474k / 843k
3/1/17 - 494k / 864k
4/1/17 - 508k / 875k
5/1/17 - 523k / 893k
6/1/17 - 547k / 915k
7/1/17 - 553k / 923k
8/1/17 - 571k / 933k
9/1/17 - 587k / 952k
10/1/17 - 600k / 967k

12/1/17 - 619k / 987k

Skipped last month as I switched over to Personal Capital.  I had been with Yodlee for a really long time and then they migrated everyone over to their new platform a few months back.  I was trying to give it a chance, but it just sucks in many ways. I didn't realize until I switched out to PC that Yodlee had duplicated a few of my accounts resulting in an artificial inflation of my NW.  Additionally, I added a small pension my wife has directly to PC which resulted in it pulling the contributed amount and not the cash out amount, but I'm just going to take the hit and roll with it as those values should overlap soon.  Altogether I "lost" about 13k to my numbers so I didn't feel like posting last month :)

I'm optimistic that we will hit 1m by the end of the year with EOY bonus (maybe 2k?) and dividends.
Title: Re: Race from 500k to 1M!
Post by: Finallyunderstand on December 01, 2017, 10:54:08 AM
Estimates of NW over the years with more concrete values currently
2011: $40k  Real estate sucked (I'm a realtor and own rentals), income was low and equity was non existent.  Tough times!
2012: $55k
2013: $75k
2014: $160k  Being a realtor and also having a large portion of NW in real estate helped income and value go up drastically. (income $155k) plus asset appreciation
2015: $295k  (income $210k) plus asset appreciation
2016: $505k (income $242k) plus asset appreciation
Started using Mint for tracking in 2017
2017: March $515
         April $500 spent money... :(
         May $521
         June $573
         July $588
         Aug $605k
         Sep $647k
         Oct $650k
         Dec $684K
Title: Re: Race from 500k to 1M!
Post by: mynewchoice on December 01, 2017, 11:32:32 AM
Latest update on tax-advantaged accounts (added in new Vanguard taxable account, but not including other brokerage account or eFund):

07/01/17   620k
08/01/17   633k
09/01/17   640k
10/01/17   660k
11/01/17   678k

12/01/17   699k

Only $102 away from being able to round that up to $700k, haha!  We have had $153k increase this year, and as the above represents just our liquid savings I thought I'd share that our assets crossed the $1MM mark (includes our home value and two accounts I exclude from our liquid savings for weird reasons that help me sleep at night)  and our overall NW is now at $906k.

Love seeing everyone's progress!
Title: Re: Race from 500k to 1M!
Post by: YellowCat on December 01, 2017, 11:35:52 AM

Jan 2017: $444,411
Feb 2017: $466,365 (+$21,954)
Mar 2017: $473,859 (+$7,494)
Apr 2017: $496,610 (+$22,751)
May 2017: $509,180 (+$12,570)
Jun 2017: $522,280 (+$13,100)
Jul 2017: $539,829 ($17,549)
Aug 2017: $547,156 (+$7,327)
Sept 2017: $568,755 (+$21,599)
Oct 2017: $588,681 (+$19,926)
Nov 2017: $612,643 (+$23,962)

Um....whoa. Increase so far this year: $168,232. That's unbelievable.
Title: Re: Race from 500k to 1M!
Post by: SCUBAstache on December 01, 2017, 02:18:50 PM
November 2017: 799k
October 2017: 790k
September 2017: 776k
August 2017: 752k
July 2017: 751k
June 2017: 737k
May 2017: 732k
April 2017: 720k
March 2017: 711k
February 2017: 703k
January 2017: 680k
December 2016: 650k
December 2015: 487k
December 2014: 412k
December 2013: 350k
Title: Re: Race from 500k to 1M!
Post by: Zoot on December 01, 2017, 03:04:18 PM
End of month = another spreadsheet cell filled in!  :)

It's astounding to me to see the monthly increase.  We are disciplined savers--we max out two 401(k) accounts and two Roth IRA's every year, plus a little additional savings--but the market run-up has really beefed up the totals.

We'll be paying for some home renovations in the next month or two, which will give us a bit of a "hit" to our numbers, but I may update our home value a bit in my spreadsheet after the renovations are done (maybe about 1/4 of the cost of the actual renovations).

(Posting also in the $1M to $2M thread for net worth.)

MonthLiquidNet Worth
Jan-17
$604K
$883K
Feb-17$622K$905K
Mar-17$651K$930K
Apr-17$660K$939K
May-17$675K$954K
Jun-17$694K$967K
Jul-17$717K$991K
Aug-17$721K$1,000K
Sep-17$738K$1,007K
Oct-17$762K$1,033K
Nov-17$782K$1,055K
Dec-17
Title: Re: Race from 500k to 1M!
Post by: ToughMother on December 02, 2017, 11:59:41 AM
Net Worth Benchmarks
4/3/14     $430k (start tracking, thx MMM)
9/19/14    $500k
11/6/14    $550k
5/9/15     $600k
4/13/16    $650k
9/7/16     $700k
5/6/17     $750k
9/9/17     $800k
12/1/17    $845k ($40k is home equity, remainder is retirement/savings/investment $$)

peeking in today because assets hit $1M  YAY
Title: Re: Race from 500k to 1M!
Post by: Zamboni on December 03, 2017, 01:16:51 PM
End of November update (better late than never.) This month I faced the harsh reality that my ex's unemployment means I will be shouldering more of the optional children's expenses. I paid cash for a couple of the biggest expenses this past month with the hope that the ex- will get a job soon and chip in more than half on future installments. To plan for the fact that a new job might now come soon, I cut back on a bit of the discretionary saving for now, but still maxing my Roth and 401k.

Numbers for end of month:
Month Year: Investments
June 2017: 504K
July 2017: 523K
Decided to add in home equity and give net worth as second number:
Aug 2017: 533K / 666K
Sep 2017: 539K / 679K
Oct 2017: 551K / 698K
Nov 2017: 561K / 711K

Peace.
Title: Re: Race from 500k to 1M!
Post by: formerlydivorcedmom on December 04, 2017, 08:48:29 AM
I'm enjoying the stock market rise right now.  It makes it look like our savings rate is better than it is.

We started planning for 2018.  Realized that my husband qualifies for [wonderfully awesome] health insurance at the company where he interns part-time.   We switched, which ought to free up $8k in additional savings next year!  This month, I'm going to tie H to a chair and make him discuss a budget for next year.  We've finally started really changing our spending patterns, and we need to determine what changes are realistic for next year.

                   Invested/Overall NW
End of 2012: 170k / 200k  *(re)married
End of 2013: 295k / 342k
End of 2014: 338k / 388k
End of 2015: 366k / 428k *June - husband quit work to go back to college full-time
End of 2016: 432k / 545k

Sep 2017: 500k / 625k [+77k college funds] *husband started working part-time; still going to college
Oct 2017: 512k / 640k [+79k college funds]
Nov 2017: 523k / 652k [+81k college funds]
Title: Re: Race from 500k to 1M!
Post by: talltexan on December 04, 2017, 08:57:03 AM
Congrats, Tough Mother.

For all you youngsters out there, I happened to catch Dave Ramsey's Millionaire hour last week, and they had three of them under age 40. So keep grinding!
Title: Re: Race from 500k to 1M!
Post by: A&R on December 12, 2017, 11:41:25 AM
Thought I'd join since I finally feel within striking distance of $1M.

12/17  $739,821

Edit: Forgot to mention that this is all either investments or cash.
Title: Re: Race from 500k to 1M!
Post by: jmuth on December 14, 2017, 02:38:43 PM
Update a year later: 138k Increase, ~51k savings
DEC 2017 NW: 697k
401k: 234k
R IRA: 137k
529 Kid A 72.5k (done)
529 Kid B 46k
Bonds: 81k
Taxable Stocks: 63k
Cash: 63k

DEC 2016 NW: 559k
401k: 189k (TSP)
Roth IRA: 111k (Vanguard)
529 (Kid A - 10 yrs) 63.5k (Vanguard)
529 (Kid B - 4 yrs) 33k (Vanguard)
Bonds (for house purchase) 66k (USAA)
Taxable Stocks: 42.5k (vanguard)
Cash (1-1.5% interest accounts): 53k (Ally Bank)

DEC 2015 NW: 444k
DEC 2014 NW: 385k
DEC 2013 NW: 337k
DEC 2012 NW: 253k
DEC 2011 NW: 209K
DEC 2010 NW: 184k

Hit 500k this summer and the next 59k seem to have been a flash
Title: Re: Race from 500k to 1M!
Post by: FireHiker on December 14, 2017, 03:49:08 PM
I forgot to update at the end of November, so here it is.


               Stash           Total NW including home equity
3/28/17:   667k           1.208M
4/28/17:   704k           1.193M
5/25/17:   716k           1.244M
6/27/17:   734k           1.284M
7/24/17:   752k           1.287M
8/24/17:   753k           1.303M
9/28/17:   783k           1.384M
10/31/17: 800k           1.411M
11/27/17: 821K           1.432M
Title: Re: Race from 500k to 1M!
Post by: NinetyFour on December 16, 2017, 06:02:27 AM
My NW is at $662K.  Not sure I will ever hit $1M, but it's nice to think about!  I'm aiming for $800K when I retire in June 2018.

Update:

12/27/16:  $662,000
4/28/17:   $709,418
7/31/17:   $745,282
9/2/17:    $758,290
11/17/17:  $803,225
12/17/17:  $827,280
Title: Re: Race from 500k to 1M!
Post by: RWD on December 16, 2017, 09:24:58 AM
My NW is at $662K.  Not sure I will ever hit $1M, but it's nice to think about!  I'm aiming for $800K when I retire in June 2018.

Update:

12/27/16:  $662,000
4/28/17:   $709,418
7/31/17:   $745,282
9/2/17:    $758,290
11/17/17:  $803,225
12/17/17:  $827,280


$800k way ahead of schedule, nice!
Title: Re: Race from 500k to 1M!
Post by: JustGettingStarted1980 on December 16, 2017, 11:00:22 AM
 This thread is just a whole other league!  I’m just really impressed by everyone’s success this year. Congrats to all and may everyone have a terrific Christmas bonus!

JGS
Title: Re: Race from 500k to 1M!
Post by: Off the Wheel on December 16, 2017, 12:38:20 PM

mid-Sept 2017 - $551K
mid-October 2017 - $598K (started tracking DH's accounts, hadn't in our net before)
mid-November 2017 - $602K (heavy paying off side investment plus holiday spending)
mid-December 2017 - $607K (still paying off that side investment)
Title: Re: Race from 500k to 1M!
Post by: Bergal on December 16, 2017, 02:43:03 PM
Super belated monthly update!

                    Invested/Cash     Total NW
End of 2015  $513k                $752k
End of 2016  $574k                $820k                   
10/1/17        $670k                $921k
11/1/17        $679k                $931k
12/1/17        $693k                $944k
Title: Re: Race from 500k to 1M!
Post by: CharlesBronzee on December 17, 2017, 12:22:28 PM
Joining this thread.  Currently with $575k invested.  Net worth at ~$1.3M.
Title: Re: Race from 500k to 1M!
Post by: Herbert Derp on December 17, 2017, 11:15:26 PM
I now own part of a bitcoin. It's getting more and more complicated to calculate my net worth... I continue to inch closer to the finish line! All I want for Christmas is $43,000!

11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
Title: Re: Race from 500k to 1M!
Post by: YoungGranny on December 18, 2017, 08:01:44 AM
Hello! I'm new around these parts. I got from $250k->$500k in 17 months. Any bets on how long it'll take me to graduate form this thread? Full disclosure: my net worth includes me + my husband. Teamwork makes the journey shorter and the work easier :)

Dec. 2017: $502k
Title: Re: Race from 500k to 1M!
Post by: Roboturner on December 18, 2017, 10:25:03 AM
Hello! I'm new around these parts. I got from $250k->$500k in 17 months. Any bets on how long it'll take me to graduate form this thread? Full disclosure: my net worth includes me + my husband. Teamwork makes the journey shorter and the work easier :)

Dec. 2017: $502k

congrats and welcome! With some continued help from the market Ill bet 17 more months!
Title: Re: Race from 500k to 1M!
Post by: monarda on December 18, 2017, 08:44:23 PM
I'll play!

             cash+rental equity       add primary residence equity
1/2016      $507K                              $627K
1/2017      $625K                              $797K

9/2017      $784K                              $904K


1MM dates- very likely sooner.
                3/2021                             12/2018

12/2017    $762K                         $903K  - remodeling primary residence! When project is done, big increase in equity!
Title: Re: Race from 500k to 1M!
Post by: salt cured on December 19, 2017, 08:06:26 AM
We just hit $500k in cash and investments, so I thought I'd make an update in celebration. And I'm going to go ahead and temp fate by prognosticating our NW out to the end of the month. Year-over-year, our NW is up $190k, or about 50%. Who knows what next year will bring, but my goal is to increase our savings rate to at least 60%.

Aug17:$488k
Sep17:$507k
Oct17:$526k
Nov17:$546k
Dec17:$566k
Title: Re: Race from 500k to 1M!
Post by: ScottsdaleSaver on December 19, 2017, 08:07:04 AM
12/2017 Update - We hit a big milestone this quarter - over $500K in investments!
Current totals - $719K; $194K in home equity, $5K in cash, remainder in investments

9/2017 Update - $670K; $187K in home equity, $10K in cash, remainder in investments

Somewhat embarrassingly, I didn't starting keeping close tabs on my net worth until finding MMM this year. Thankfully, I didn't muck it up too bad up to this point, but I'm hoping to do even better now that I know better! So, let's start here...

6/2017 - $630K; ~$180K in home equity, ~$10K in cash, remainder in investments
Title: Re: Race from 500k to 1M!
Post by: ScottsdaleSaver on December 19, 2017, 08:13:06 AM
Congrats! We just hit the same milestone! Our savings rate was ~50% this year, and we're shooting for 60% next year as well. Here's to 2018 treating us well...

We just hit $500k in cash and investments, so I thought I'd make an update in celebration. And I'm going to go ahead and temp fate by prognosticating our NW out to the end of the month. Year-over-year, our NW is up $190k, or about 50%. Who knows what next year will bring, but my goal is to increase our savings rate to at least 60%.

Aug17:$488k
Sep17:$507k
Oct17:$526k
Nov17:$546k
Dec17:$566k
Title: Re: Race from 500k to 1M!
Post by: salt cured on December 19, 2017, 08:22:17 AM
Congrats! We just hit the same milestone! Our savings rate was ~50% this year, and we're shooting for 60% next year as well. Here's to 2018 treating us well...

We just hit $500k in cash and investments, so I thought I'd make an update in celebration. And I'm going to go ahead and temp fate by prognosticating our NW out to the end of the month. Year-over-year, our NW is up $190k, or about 50%. Who knows what next year will bring, but my goal is to increase our savings rate to at least 60%.

Aug17:$488k
Sep17:$507k
Oct17:$526k
Nov17:$546k
Dec17:$566k

Thanks! And congrats to you as well. Our 2017 savings rate was also about 50%. As we knock out more of our home repairs, I'm hoping we can get to 70% by 2019.
Title: Re: Race from 500k to 1M!
Post by: Roboturner on December 19, 2017, 02:40:55 PM
Q2 2016:
LNW: 528k
TNW: 720k

Q3 2016:
LNW: 652k
TNW: 845k

YE 2016:
LNW: 685k
TNW: 893k

Q1 2017:
LNW: 800k
TNW: 1001k

Q2 2017:
LNW: 845k
TNW: 1060k

Q3 2017:
LNW: 921k
TNW: 1142k

Our stretch goal at the beginning of our journey was 1MM liquid by YE 2017 - still possible, but looks like early Q1 2018 is more likely. Either way should be a short-timer now!

WE DID IT! WHOOP!

Dec 18, 2017:
LNW: 1,002k
TNW: 1,222k
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on December 19, 2017, 06:06:53 PM
Q2 2016:
LNW: 528k
TNW: 720k

Q3 2016:
LNW: 652k
TNW: 845k

YE 2016:
LNW: 685k
TNW: 893k

Q1 2017:
LNW: 800k
TNW: 1001k

Q2 2017:
LNW: 845k
TNW: 1060k

Q3 2017:
LNW: 921k
TNW: 1142k

Our stretch goal at the beginning of our journey was 1MM liquid by YE 2017 - still possible, but looks like early Q1 2018 is more likely. Either way should be a short-timer now!

WE DID IT! WHOOP!

Dec 18, 2017:
LNW: 1,002k
TNW: 1,222k


Nice.  Good work and keep it up!  Are you close to your RE goal?  At your accumulation rate, you can't have too long to wait. 
Title: Re: Race from 500k to 1M!
Post by: NinetyFour on December 19, 2017, 07:23:44 PM
CONGRATS!!!!!!!
Title: Re: Race from 500k to 1M!
Post by: Roboturner on December 20, 2017, 08:35:20 AM
Nice.  Good work and keep it up!  Are you close to your RE goal?  At your accumulation rate, you can't have too long to wait.

Thank you, and yes, FI is LNW at 1.2MM (goal is by Oct 2018), so barring a total market meltdown, we should hit it. As far as RE, probably will be a little longer, currently in the 2019 thread, but thinking we'll go maybe 2020 - 2021ish depending on whether I can still stand the work.
Title: Re: Race from 500k to 1M!
Post by: sisto on December 20, 2017, 10:46:48 AM
I've been so close to closing the $1M NW milestone for so long now. Well last night I remembered that my HealthEquity account is not in MINT because of how it authenticates. I have over $20K in that account so I actually hit my milestone a while ago and didn't even realize it. The next goal is $1M in invested assets and cash which should happen in about a year.
Title: Re: Race from 500k to 1M!
Post by: talltexan on December 21, 2017, 11:16:14 AM
Congrats!
Title: Re: Race from 500k to 1M!
Post by: OurTown on December 22, 2017, 08:26:22 AM
$16k bonus.  Just sent off the estimated tax payment so it's $12k net.  Merry Christmas, muthaf*ckas!
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on December 22, 2017, 12:25:32 PM
$16k bonus.  Just sent off the estimated tax payment so it's $12k net.  Merry Christmas, muthaf*ckas!

Are you headed out to the club to "make it rain"?   : )

Title: Re: Race from 500k to 1M!
Post by: JustGettingStarted1980 on December 22, 2017, 04:04:49 PM
$16k bonus.  Just sent off the estimated tax payment so it's $12k net.  Merry Christmas, muthaf*ckas!

What happened to "anywhere from $10 tp $10000"?
Title: Re: Race from 500k to 1M!
Post by: Suzanne on December 23, 2017, 04:13:26 AM
Didn't find this one yet, and I keep hearing how the next half-mil goes so much faster! We'll see. Anyone else?

April 2016: 500k

Saving ~75% of income.

Great you are following quick fat burning workouts. How much do you lose?
Title: Re: Race from 500k to 1M!
Post by: bennycx on December 24, 2017, 01:10:08 AM
Dec 2017: $550,000. 29yo
Title: Re: Race from 500k to 1M!
Post by: ToughMother on December 27, 2017, 11:36:51 AM
Net Worth Benchmarks
4/3/14     $430k (start tracking, thx MMM)
9/19/14    $500k
11/6/14    $550k
5/9/15     $600k
4/13/16    $650k
9/7/16     $700k
5/6/17     $750k
9/9/17     $800k
12/15/17   $850k ($45k is home equity, remainder is retirement/savings/investment $$)
Title: Re: Race from 500k to 1M!
Post by: OurTown on December 27, 2017, 12:06:08 PM
$16k bonus.  Just sent off the estimated tax payment so it's $12k net.  Merry Christmas, muthaf*ckas!

What happened to "anywhere from $10 tp $10000"?

I guess they didn't get the memo.
Title: Re: Race from 500k to 1M!
Post by: OurTown on December 29, 2017, 05:40:25 AM
Jan. 1, 2018 = $580k
Title: Re: Race from 500k to 1M!
Post by: boarder42 on December 29, 2017, 05:50:25 AM
Invest / total
6/24/16 - 362k / 500k NW
12/1/16 - 404k / 550k NW
1/1/17 - 450k / 600k NW
2/1/17 - 462k / 607k NW
5/1/17 - 514k / 666k NW
6/1/17 - 526k / 673k NW
7/1/17 - 542k / 691k NW
8/1/17 - 557k / 707k NW
11/1/17 - 603k / 753k NW
12/1/17 - 625k / 775k NW
01/01/18 - 651k /805k NW
Title: Re: Race from 500k to 1M!
Post by: OurTown on December 29, 2017, 09:29:05 AM
Okay I am going to reconstruct this from the beginning of posting on MMM:

5/1/15 = $284

10/1/15 = $339
11/1/15 = $357
12/1/15 = $365

1/1/16 = $374
2/1/16 = $373
3/1/16 = $379
4/1/16 = $391
5/1/16 = $398
6/1/16 = $406
7/1/16 = $415
8/1/16 = $426
9/1/16 = $424
10/1/16 = $427
11/1/16 = $428
12/1/16 = $438

1/1/17 = $461
2/1/17 = $471
3/1/17 = $482
4/1/17 = $479
5/1/17 = $492
6/1/17 = $500
7/1/17 = $508
8/1/17 = $518
9/1/17 = $523
10/1/17 = $543
11/1/17 = $550
12/1/17 = $558

1/1/18 = $580
Title: Re: Race from 500k to 1M!
Post by: TheAnonOne on December 29, 2017, 10:03:16 AM
Returning to update . . .

2015 DEC:252k<- Crossed 250k
--
2016 JAN:260k(+8k)
2016 FEB:281k(+21k)
2016 MAR:285k(+4k)
2016 APR:298k(+13k)
2016 MAY:305k(+7k)
2016 JUN:307k(+2k)
2016 JUL:320k(+13k)
2016 AUG:326k(+6k)
2016 SEP:336k(+10k)
2016 OCT:337k(+1k)
2016 NOV:361k(+24k)
2016 DEC:368k(+7k)
--
2017 JAN:382k(+14k)
2017 FEB:403k(+21k)
2017 MAR:416k(+13k)
2017 APR:427k(+11k)
2017 MAY:436k(+9k)
2017 JUN:449k(+13k)
2017 JUL:464k(+15k)
2017 AUG:478k(+14k)
2017 SEPT:494k(+16k)
2017 OCT:510k(+16k) <- Crossed 500k
2017 NOV:523k(+13k)
2017 DEC:534k(+11k)

Final posting of the year!


+$166k this year! Aiming, for just under 100k in any given year of savings. Though, I am really only tracking worth gains, not savings directly. (So it includes gains/losses in the market) Given 0 month(s) left, and (-66k) more to go, I hit this goal!


OTHER THOUGHTS (Year reflections)---

This year I spent a good deal of time paying down debt on my UN-MMM car. Yet, it was still an amazing year, jumping from mid-300k to mid-500k I made a whopping 45% gain. Of course, the market was a large factor in this, perhaps even half of my gains.

Which brings me to another thing, this is really the first year I even cared about what the market was doing. While I never worried about it, I do remember making a post in FEB in the "500kNW by 2018" thread saying how, even if my savings rate was amazing, I simply wouldn't make enough to cross 500k by year end. Yet I hit it in OCT.

While my income is high, it is humbling to know that the market is really in control here, I will have less and less of an ability to really steer the ship as the years go on. I had the ability to affect maybe 25-35% of my portfolio out of wages this year, which could be used to makeup for crashes or whatnot. Next year, that will drop to 15-20% and in the next 3-5 years, I may work an entire year to only play in the top 5-10% of my portfolio.

Interesting none the less. Good job everyone and happy new year!
Title: Re: Race from 500k to 1M!
Post by: Trifele on December 30, 2017, 07:33:56 AM
End of the year update (investments only, not counting emergency fund, 529s,or house equity).   

               Invested
5/1/17 --    $631k     
6/1/17 --    $647k     
7/1/17 --    $655k   
8/1/17 --    $665k     
9/1/17 --    $672k     
10/1/17 --  $684k     
11/1/17 --  $702k
12/1/17 --  $724k
1/1/18  --   $731k

What a great year!  Happy New Year everyone.
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on December 30, 2017, 01:27:58 PM
2017 was a good year

                 INV    /  NW
Jan 2017 - 714K  /  825K             
Jan 2018 - 846K  /  987K 

2017 savings rate  48%  (a pleasant surprise when I calculated this)


Title: Re: Race from 500k to 1M!
Post by: NinetyFour on December 30, 2017, 02:15:02 PM
My NW is at $662K.  Not sure I will ever hit $1M, but it's nice to think about!  I'm aiming for $800K when I retire in June 2018.

Update:

12/27/16:  $662,000
4/28/17:   $709,418
7/31/17:   $745,282
9/2/17:    $758,290
11/17/17:  $803,225
12/17/17:  $827,280


$800k way ahead of schedule, nice!

Yep!  :)

And I'm closing out the year at $828,383.  Maaaayyybbbeee reaching the double comma next year??  That would be fun.  :)
Title: Re: Race from 500k to 1M!
Post by: savedough on December 30, 2017, 02:18:14 PM
We did it!  Reached the magic number.  Onto the next challenge: The race to two million.

We certainly employed the slow and steady approach.  I graduated and started working in 2005.  Got married and bought a house in 2006.   Have moved twice since then as jobs sent us cross-country.  Took a combined year off for maternity leaves and neither my husband nor I had ever made more than $100K.   We are the poster family for the millionaire next door: used cars and stealth wealth.

I expected to reach this milestone next year, but a rising stock market giveth and can easily taketh away.
Title: Re: Race from 500k to 1M!
Post by: NinetyFour on December 30, 2017, 02:36:55 PM
We did it!  Reached the magic number.  Onto the next challenge: The race to two million.

We certainly employed the slow and steady approach.  I graduated and started working in 2005.  Got married and bought a house in 2006.   Have moved twice since then as jobs sent us cross-country.  Took a combined year off for maternity leaves and neither my husband nor I had ever made more than $100K.   We are the poster family for the millionaire next door: used cars and stealth wealth.

I expected to reach this milestone next year, but a rising stock market giveth and can easily taketh away.

Excellent news!!!  CONGRATS!!!

And good luck getting to the next milestone!  :)
Title: Re: Race from 500k to 1M!
Post by: Zamboni on December 31, 2017, 08:36:01 AM
Happy New Year, MMMers!

Slightly slower savings month than it could have been. Due to a relative's unemployment, I cut back on a bit of the discretionary saving this month to be able to pay bills for others, but still maxed my Roth and 401k. The good news is: a job has been found! It's a 3 month temp contract, but better than nothing . . . should bring in paychecks in Feb, Mar, Apr next year, and could lead to a long term job. All of this is a testament to how powerful it is to be in a secure financial position; it allows flexibility to pitch in and really help others when they need it.

Numbers for end of month:
Month Year: Investments
June 2017: 504K
July 2017: 523K
Decided to add in home equity and give net worth as second number:
Aug 2017: 533K / 666K
Sep 2017: 539K / 679K
Oct 2017: 551K / 698K
Nov 2017: 561K / 711K
Dec 2017: 569K / 724K

So, for the year my investments are up $118K, which is more than I earn in my day job. It seems unreal.
Title: Re: Race from 500k to 1M!
Post by: ShadowRegent on December 31, 2017, 08:29:43 PM
2017 was a very good year for us-- getting so close!

12/2017 - $962k
11/2017 - $856k
10/2017 - $842k
9/2017 - $825k
8/2017 - $810k
7/2017 - $742k
Title: Re: Race from 500k to 1M!
Post by: YellowCat on January 01, 2018, 08:24:44 AM
Jan 2017: $444,411
Feb 2017: $466,365 (+$21,954)
Mar 2017: $473,859 (+$7,494)
Apr 2017: $496,610 (+$22,751)
May 2017: $509,180 (+$12,570)
Jun 2017: $522,280 (+$13,100)
Jul 2017: $539,829 ($17,549)
Aug 2017: $547,156 (+$7,327)
Sept 2017: $568,755 (+$21,599)
Oct 2017: $588,681 (+$19,926)
Nov 2017: $612,643 (+$23,962)
Dec 2017: $628,029 (+$15,386)

Final numbers are in! NW Increase over Jan 31, 2017: $183,618...Just about equal to our combined salaries this year...
Title: Re: Race from 500k to 1M!
Post by: SCUBAstache on January 01, 2018, 09:22:50 AM
+162k this year! Pretty awesome bump and definitely more than my salary. Have some significant planned medical expenses next month that will put a ~5k dent in that, but I'll enjoy the number for now. :)

December 2017: 812k
November 2017: 799k
October 2017: 790k
September 2017: 776k
August 2017: 752k
July 2017: 751k
June 2017: 737k
May 2017: 732k
April 2017: 720k
March 2017: 711k
February 2017: 703k
January 2017: 680k
December 2016: 650k
December 2015: 487k
December 2014: 412k
December 2013: 350k
Title: Re: Race from 500k to 1M!
Post by: NinetyFour on January 01, 2018, 11:42:14 AM
Nice work, @SCUBAstache !!  :)
Title: Re: Race from 500k to 1M!
Post by: mynewchoice on January 01, 2018, 01:22:30 PM
Happy new year everyone!

In the spirit of the new year, I thought I'd change up my updates to give me more of a historical snapshot and monitor my year over year increase as well.  Tracking my liquid investments only and looking to close the gap on $1MM this year with a stretch goal to actually reach it if all goes well!

YOY Increase     2018           2017           2016
+164k01/01/18   710k01/01/17   546k01/01/16   461k
02/01/18   02/01/17   560k02/01/16   436k
03/01/18   03/01/17   582k03/01/16   450k
04/01/18   04/01/17   594k04/01/16   481k
05/01/18   05/01/17   603k05/01/16   481k
06/01/18   06/01/17   617k06/01/16   496k
07/01/18   07/01/17   620k07/01/16   492k
08/01/18   08/01/17   633k08/01/16   518k
09/01/18   09/01/17   640k09/01/16   526k
10/01/18   10/01/17   660k10/01/16   523k
11/01/18   11/01/17   678k11/01/16   509k
12/01/18   12/01/17   699k12/01/16   531k
Title: Re: Race from 500k to 1M!
Post by: YoungGranny on January 02, 2018, 06:48:18 AM

Dec. 2017: $502k

Jan. 2, 2018: $513.7k

After maxing out tax advantaged accounts we're hoping to pour an extra $50k into Vanguard this year. If we up that to $54k then we'll be able to invest $100k in 2018 so that's the goal! Slow and steady climb all the way to $1m.
Title: Re: Race from 500k to 1M!
Post by: skcook on January 02, 2018, 11:15:07 AM
Skipped a month:

Jan 2018 - $580k
Dec 2017 - $569k
Nov 2017 - $561k
Oct 2017 - $546k
Sep 2017 - $538k
Aug 2017 - $497k

I know my rate of increase isn't spectacular, but I'm pumped we are up $250k since I began tracking in Sep 2016!
Title: Re: Race from 500k to 1M!
Post by: kapnfriday on January 02, 2018, 02:20:07 PM
Hello all and Happy New Year!,

I am newly graduated from the Race from $250K to $500k thread. We actually hit $500k at the end of November, but I wanted to wait a month before posting here.  You know, make sure the ink was dry on the final transcripts and all that. 

Invested assets as of 12-2017: $510,037

Yep, got a long way to go, but looking forward to the trip. 


Title: Re: Race from 500k to 1M!
Post by: bye-bye Ms. FancyPants on January 02, 2018, 02:56:00 PM
12/2014 - $228,897

12/2017 - $519,845 ... I'm in!
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on January 02, 2018, 04:33:43 PM
Welcome aboard Kapn and Ms FP.   Always room for more. 
Title: Re: Race from 500k to 1M!
Post by: TheAnonOne on January 02, 2018, 07:17:02 PM
Welcome aboard Kapn and Ms FP.   Always room for more.

Actually, this is a very exclusive club. Be proud of your membership!
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on January 02, 2018, 09:34:24 PM
Welcome aboard Kapn and Ms FP.   Always room for more.

Actually, this is a very exclusive club. Be proud of your membership!

The bouncer keeps out the rifraff.
Title: Re: Race from 500k to 1M!
Post by: Zoot on January 03, 2018, 05:05:06 AM
End of month = another spreadsheet cell filled in!  :)

Here we go again!  :)

MonthLiquidNet Worth
Jan-17
$604K
$883K
Feb-17$622K$905K
Mar-17$651K$930K
Apr-17$660K$939K
May-17$675K$954K
Jun-17$694K$967K
Jul-17$717K$991K
Aug-17$721K$1,000K
Sep-17$738K$1,007K
Oct-17$762K$1,033K
Nov-17$782K$1,055K
Dec-17$796K$1,058K

Investment accounts rose by $14K while net worth rose by $3K; this is because we depleted some cash to pay for renovations that are ongoing at our house and I don't count cash as part of our investment account totals.

Overall gain in NW for 2017 was $175K, and gain in investment accounts was $192K.  Astounding--our investment accounts made roughly 2.5x what we put in to them.  We are now 79.6% of the way to our goal of $1M in investments!  :)

(posting also in the $1M to $2M thread for NW)
Title: Re: Race from 500k to 1M!
Post by: brute on January 03, 2018, 11:55:12 AM
2008-1-1: $-5k
2011-1-1: $10k
2014-1-1: $60k
2015-1-1: $92k
2016-1-1: $125k
2017-1-1:   $200k
2017-8-31: $230k
2017-11-29: $506k
2018-01-03: $535k
Title: Re: Race from 500k to 1M!
Post by: fiStressRelief on January 03, 2018, 12:38:53 PM
Liquid / Total
1/1/17  - 472k / 833k
2/1/17  - 474k / 843k
3/1/17  - 494k / 864k
4/1/17  - 508k / 875k
5/1/17  - 523k / 893k
6/1/17  - 547k / 915k
7/1/17  - 553k / 923k
8/1/17  - 571k / 933k
9/1/17  - 587k / 952k
10/1/17 - 600k / 967k
12/1/17 - 619k / 987k
1/1/18   - 633k / 1000k

Whew, just made it.  I thought that market dip on the last trading day might take us back below, but we held on for the Pyrrhic victory.  My wife and I celebrated on NYE by opening a bottle of nice champagne someone left at our house in a previous year.  We don't really feel any different, in fact I feel pretty poor as we spent the day trying to decide what else can be cut from the budget next year to get us down to 40k annual expenses in 2018.  What a crazy dichotomy we choose to live in. 
Title: Re: Race from 500k to 1M!
Post by: JustGettingStarted1980 on January 03, 2018, 04:20:17 PM
Jan-16      $257,514.77 (+49,787)
April-16    $277,918.06 (+20,403)
July-16     $306,073.47 (+28,155)
Oct -16     $357,689.04 (+53,415)
Jan -17     $405,710.23 (+48,021)
April -17   $446,004.04 (+39,424)
July-17     $496,327.00 (+50,322)
Oct-17      $535,958.74 (+39,631)

Jan-18      $617,102.81 (+81,144) --> total NW Gain of $210,532 in 2017. Don't think this will be sustainable as about 60K was due to market gains. I guess we shall see.

Welcome all newcomers to the race. Congrats to those coming close to completion.

JGS
Title: Re: Race from 500k to 1M!
Post by: FireHiker on January 03, 2018, 05:36:41 PM
December numbers are in:


               Stash           Total NW including home equity
3/28/17:   667k           1.208M
4/28/17:   704k           1.193M
5/25/17:   716k           1.244M
6/27/17:   734k           1.284M
7/24/17:   752k           1.287M
8/24/17:   753k           1.303M
9/28/17:   783k           1.384M
10/31/17: 800k           1.411M
11/27/17: 821k           1.432M
12/26/17: 844k           1.452M

Maybe 2018 will see us get our second comma not including home equity?
Title: Re: Race from 500k to 1M!
Post by: Freedomin5 on January 04, 2018, 06:37:56 AM
Congrats!


We're just jumping over from the race to 500k thread. Just checked our accounts today and are sitting at around $527K net worth.

Checking in at $554K. +27K in ~2 months. Not too shabby.

Title: Re: Race from 500k to 1M!
Post by: fidreamer on January 04, 2018, 12:08:55 PM
Yesterday I passed the finish line--$1,005,000 in investments and cash.  No debts.  Been working towards this goal for a while, and now that I'm here my mind automatically switches to "It's not that much money if I have it."  I was a teacher.  And now I have a million dollar nest egg at 46.  It's really possible, people.
Title: Re: Race from 500k to 1M!
Post by: NinetyFour on January 04, 2018, 12:20:45 PM
Yesterday I passed the finish line--$1,005,000 in investments and cash.  No debts.  Been working towards this goal for a while, and now that I'm here my mind automatically switches to "It's not that much money if I have it."  I was a teacher.  And now I have a million dollar nest egg at 46.  It's really possible, people.

Awesome!!  Huge congrats!  I am a teacher also, and I hope to reach that double comma club--albeit ten years later than you did!  Glad to hear that it's possible!  :)
Title: Re: Race from 500k to 1M!
Post by: clarkfan1979 on January 04, 2018, 03:20:31 PM
I'm in!

March 2014: 169K

January 2018: 503K

Estimate to 1MM: June 2025
Title: Re: Race from 500k to 1M!
Post by: fidreamer on January 04, 2018, 03:23:18 PM
Yesterday I passed the finish line--$1,005,000 in investments and cash.  No debts.  Been working towards this goal for a while, and now that I'm here my mind automatically switches to "It's not that much money if I have it."  I was a teacher.  And now I have a million dollar nest egg at 46.  It's really possible, people.

Awesome!!  Huge congrats!  I am a teacher also, and I hope to reach that double comma club--albeit ten years later than you did!  Glad to hear that it's possible!  :)
Thank you!  This is the only place I can share this kind of stuff.  ; )
Title: Re: Race from 500k to 1M!
Post by: BeanCounter on January 05, 2018, 06:56:09 AM
Crossed the $1M in just our investments yesterday. $1,002,005.11. in retirement and brokerage accounts. Does not include our HSA, emergency fund, home equity or kids college funds. Feels pretty good for two 40 year olds.
Now we've really got to work on cutting expenses so we can actually FIRE in the next couple years. Of course likely market declines and the uncertainty in the health insurance market may delay FIRE as well.
Title: Re: Race from 500k to 1M!
Post by: Roots&Wings on January 05, 2018, 07:27:35 AM
Congrats BeanCounter and fidreamer!!!

And welcome clarkfan1979! Wishing everyone continued success in 2018!
Title: Re: Race from 500k to 1M!
Post by: NinetyFour on January 05, 2018, 08:10:07 AM
Yesterday I passed the finish line--$1,005,000 in investments and cash.  No debts.  Been working towards this goal for a while, and now that I'm here my mind automatically switches to "It's not that much money if I have it."  I was a teacher.  And now I have a million dollar nest egg at 46.  It's really possible, people.

Awesome!!  Huge congrats!  I am a teacher also, and I hope to reach that double comma club--albeit ten years later than you did!  Glad to hear that it's possible!  :)
Thank you!  This is the only place I can share this kind of stuff.  ; )

I hear you, @fidreamer .  I reached $1M in assets recently and didn't feel comfortable sharing that news anywhere but here!

Crossed the $1M in just our investments yesterday. $1,002,005.11. in retirement and brokerage accounts. Does not include our HSA, emergency fund, home equity or kids college funds. Feels pretty good for two 40 year olds.
Now we've really got to work on cutting expenses so we can actually FIRE in the next couple years. Of course likely market declines and the uncertainty in the health insurance market may delay FIRE as well.

Nice work, @BeanCounter !!  Especially for youngins like you!  :)
Title: Re: Race from 500k to 1M!
Post by: Bergal on January 05, 2018, 08:10:58 AM
Latest update!

                     Invested/Cash    Total NW
End of 2015  $513k                $752k
End of 2016  $574k                $820k                   
10/1/17        $670k                $921k
11/1/17        $679k                $931k
12/1/17        $693k                $944k
1/1/18          $701K                $954k

Desperately trying to get my Liquid NW number to $1m.  I've come so far but it still feels a long way off!  Thanks to all of you for keeping me motivated.

Title: Re: Race from 500k to 1M!
Post by: NinetyFour on January 05, 2018, 09:57:16 AM
Stay the course, and you will get there, @Bergal !!  :)
Title: Re: Race from 500k to 1M!
Post by: Acorns on January 05, 2018, 11:37:37 AM


End of 2007: $71,000
End of 2008: $87,600
End of 2009: $202,000
End of 2010: $257,000
2011: $298,000
2012: $364,000
2013: $371,000
2014: $615,000 (This looks like a big jump from 2013 because I started counting in my calculations an investment account which hadn't been counted in prior years)
2015: $644,000
2016: $740,000
July 2017: $813,000

At the end of December 2017 we were at $926,000 for an increase of $186,000 year over date. About $40,000 of that comes from savings, the rest was market growth.
Title: Re: Race from 500k to 1M!
Post by: Herbert Derp on January 05, 2018, 01:17:23 PM
Only $13K left to go! I should be a millionaire by the end of the month.

11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
Title: Re: Race from 500k to 1M!
Post by: dreams_and_discoveries on January 05, 2018, 02:27:46 PM
Only $13K left to go! I should be a millionaire by the end of the month.

11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11

So close Herbert, fingers crossed for you. How will you celebrate?
Title: Re: Race from 500k to 1M!
Post by: caracarn on January 05, 2018, 02:31:16 PM
I'm happy to move over to this "race"!  Just crossed over $500K this quarter. 

Here's my progress thus far:

1/1/2015 - $319,018
3/31/2015 - $358,647
6/30/2015 - $350,887
9/30/2015 - $329,044
12/31/2015 - $340,246
3/31/2016 - $390,030
6/30/2016 - $408.983
9/1/2016 - $447,834
12/31/2016 - $459,043
3/31/2017 - $509,618
6/30/2017 - $520,691
9/30/17 - $553,269

12/31/17 - $557,941

Title: Re: Race from 500k to 1M!
Post by: mommad on January 06, 2018, 06:30:16 AM
Ok I’m in liquid net worth 536k.
Title: Re: Race from 500k to 1M!
Post by: Bergal on January 07, 2018, 02:47:41 PM
Thank you, @NinetyFour
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on January 07, 2018, 06:10:23 PM
I knew I was close, but I didn't expect it to happen this fast.

2018's one week gains in the market have pushed me into millionaire territory. 

My Total NW is now just a nose (hair) across the line at $1,001,051

I'm hoping to get to "true" millionaire status this year (liquid net worth).   If 2018 provides the NW gains that 2017 gave me, then I'm gonna make it.   

I won't be surprised if the market next week pushes me back below the line, but it feels good to have made it across for the first time! 

Title: Re: Race from 500k to 1M!
Post by: Lila8 on January 07, 2018, 08:14:57 PM
Kicking off the new year with this race, though the timing could have been way better. I'm taking a break from work after having Boy #2, so the increases for the next 6-9 months will be from appreciating investments. Hubby's job is a dream, but doesn't pay much to allow investment during my break, so this "race" is partly to keep me mindful of where I am so I don't slack off too much. 

This after income of $200K+ the past 4 years.

Cash: $130K (too much cash, I know)
Invested Assets: $480K
House (that I'd love to offload this year): $240K, conservatively.

Total: $850K.
Getting to $1M will be a slow slog in the near future but I need goals.

Plans:
Pay off the $3K of remaining student loans that was sold and had the interest suddenly jacked up: Done

Open and Fund a Roth IRA (in the past I just maxed out the 401K): TBD this week

Transfer second 401K to Vanguard IRA: TBD this week

More research into 529 plans

Exercise company options and consolidate investments @ Vanguard: Soon as there's a decent recovery. Not sure what's ailing it lately.

Open to suggestions.
Title: Re: Race from 500k to 1M!
Post by: Trifele on January 08, 2018, 02:52:01 AM
Latest update!

                     Invested/Cash    Total NW
End of 2015  $513k                $752k
End of 2016  $574k                $820k                   
10/1/17        $670k                $921k
11/1/17        $679k                $931k
12/1/17        $693k                $944k
1/1/18          $701K                $954k

Desperately trying to get my Liquid NW number to $1m.  I've come so far but it still feels a long way off!  Thanks to all of you for keeping me motivated.

Our numbers are really similar Bergal; I'm just a few months ahead of you on liquid assets.  I too am feeling the "$700k doldrums".  Feel like I'm stuck midway to the goal!  I'm trying to focus on reaching $800k, because $1M invested feels too far away.
Title: Re: Race from 500k to 1M!
Post by: caracarn on January 08, 2018, 07:08:25 AM
Latest update!

                     Invested/Cash    Total NW
End of 2015  $513k                $752k
End of 2016  $574k                $820k                   
10/1/17        $670k                $921k
11/1/17        $679k                $931k
12/1/17        $693k                $944k
1/1/18          $701K                $954k

Desperately trying to get my Liquid NW number to $1m.  I've come so far but it still feels a long way off!  Thanks to all of you for keeping me motivated.

Our numbers are really similar Bergal; I'm just a few months ahead of you on liquid assets.  I too am feeling the "$700k doldrums".  Feel like I'm stuck midway to the goal!  I'm trying to focus on reaching $800k, because $1M invested feels too far away.
Not sure I'd be too "doldrum" like in your situation.  An increase of nearly $200K in your invested amount in two years is nothing to be sad about.
Title: Re: Race from 500k to 1M!
Post by: asauer on January 08, 2018, 01:16:52 PM
Aug 2017: 519, 045.81
Sept. 1 2017: 526, 110.79
Oct 1 2017:531,034.52
Nov 12017: 548,730
Dec 1 2017: 564,953
Jan 2 2018: 585,693

Love seeing those numbers go up!
Title: Re: Race from 500k to 1M!
Post by: ozbeach on January 08, 2018, 01:53:26 PM
Only $13K left to go! I should be a millionaire by the end of the month.

11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11

Wow, spooky - my LNW at the end of the year was AU$987,919.

I've hesitated about posting here, but got no one else to tell when I make it into the double-comma club so here I am!
Title: Re: Race from 500k to 1M!
Post by: OurTown on January 08, 2018, 03:08:16 PM
What a great thread.  I am excited for everyone here and I don't even know you.  Except in the virtual world of MMM of course.
Title: Re: Race from 500k to 1M!
Post by: Herbert Derp on January 09, 2018, 01:48:46 AM
So close... Maybe I'll hit $1MM sometime this week.

11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32

So close Herbert, fingers crossed for you. How will you celebrate?

My friends and I are going to get together this coming weekend and watch a cheesy kung fu movie.
Title: Re: Race from 500k to 1M!
Post by: RWD on January 09, 2018, 09:21:06 AM
Quarterly update:

10/1/2017 - 502k
1/1/2018 - 544k
Title: Re: Race from 500k to 1M!
Post by: Herbert Derp on January 09, 2018, 10:03:24 PM
Could tomorrow be the day?

11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
Title: Re: Race from 500k to 1M!
Post by: asosharp on January 10, 2018, 08:28:09 AM
Hi everyone! I'm in the race to go to $1 million dollars.

At the moment I'm at approximately $768,000. Just $232,000 more to go!

My 2018 resolution is to take my finances more seriously this year and to start investing a bit more as I haven't been doing the hard yards to get to FIRE.
Title: Re: Race from 500k to 1M!
Post by: asauer on January 10, 2018, 08:56:24 AM
Good progress so far!  Hope 2018 keeps rolling!
2017:
Sept 1- $526,110
Oct 1-   $531,034
Nov 1- $ 548,730
Dec 1- $ 564,953
Jan 1- $ 580,396
Title: Re: Race from 500k to 1M!
Post by: skip207 on January 10, 2018, 03:24:34 PM
Knock knock....

I just passed £500k :D :D

Will post a proper update on 1st Feb. 

My number is £850k so might not make the 2C's but I wont complain if I do. 

At current growth rate I am looking at 1MM sometime late 2023.  Hoping to FIRE in 2022.


Title: Re: Race from 500k to 1M!
Post by: TempusFugit on January 10, 2018, 04:23:56 PM
Knock knock....

I just passed £500k :D :D

Will post a proper update on 1st Feb. 

My number is £850k so might not make the 2C's but I wont complain if I do. 

At current growth rate I am looking at 1MM sometime late 2023.  Hoping to FIRE in 2022.

Welcome, welcome.   Wipe your feet, we try to keep it nice in here.
Title: Re: Race from 500k to 1M!
Post by: asosharp on January 10, 2018, 07:41:49 PM
Could tomorrow be the day?

11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79

Congratulations for being just less than $2k away from $1m!

I noticed you're 27. How did you do it?
Title: Re: Race from 500k to 1M!
Post by: Herbert Derp on January 10, 2018, 10:17:18 PM
Checked today, still not a millionaire.

How did you do it?

I got a high paying job right out of college, kept my spending at less than $10K / year, and invested everything else.
Title: Re: Race from 500k to 1M!
Post by: skip207 on January 11, 2018, 02:21:01 AM
Knock knock....

I just passed £500k :D :D

Will post a proper update on 1st Feb. 

My number is £850k so might not make the 2C's but I wont complain if I do. 

At current growth rate I am looking at 1MM sometime late 2023.  Hoping to FIRE in 2022.

Welcome, welcome.   Wipe your feet, we try to keep it nice in here.

:D Will do :D
Title: Re: Race from 500k to 1M!
Post by: skip207 on January 11, 2018, 02:22:26 AM
Could tomorrow be the day?

11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79

Congratulations for being just less than $2k away from $1m!

I noticed you're 27. How did you do it?

Amazing.  Well done!
Title: Re: Race from 500k to 1M!
Post by: Dicey on January 11, 2018, 05:59:53 AM
More research into 529 plans Get moving on this. If you're already on Boy #2, valuable time's a-wastin'.

Exercise company options and consolidate investments @ Vanguard: Soon as there's a decent recovery. Not sure what's ailing it lately. Can you clarify this please? Recovery from what? What is ailing lately?

Open to suggestions. You might get more in-depth responses if you start a case study. This thread seems to be turning into more of a place to report progress (Not a criticism, just an observation.), as evidenced by the strings of numbers and lack of response to your post.
Title: Re: Race from 500k to 1M!
Post by: ozbeach on January 11, 2018, 12:39:03 PM
Checked today, still not a millionaire.

Me either. On Wednesday I got to within $1,500, but my funds went backwards yesterday so I'm now $3,500 short. Once I do hit the number I am going to stop checking the markets!

I return to work at the end of the month after a long sabbatical and I am really hoping to hit the magic $1M before then as it is my FIRE number.
Title: Re: Race from 500k to 1M!
Post by: Herbert Derp on January 11, 2018, 11:48:37 PM
Woohoo!!! Finally!!!

11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34
Title: Re: Race from 500k to 1M!
Post by: ozbeach on January 12, 2018, 03:02:58 AM
Woohoo!!! Finally!!!

11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34

Congratulations!

It's Friday here now, and I went backwards again today, so now $4,000 short. Next week maybe :)
Title: Re: Race from 500k to 1M!
Post by: Trifele on January 12, 2018, 03:42:27 AM
Congratulations Herbert!!
Title: Re: Race from 500k to 1M!
Post by: Roots&Wings on January 12, 2018, 05:37:08 AM
Awesome, congrats HD and Tempus!!! Bask in the glory :)

Hope to join you there in a few years, so inspiring!
Title: Re: Race from 500k to 1M!
Post by: Mathew675 on January 12, 2018, 07:58:34 AM
I'm in! Currently at $574 investible assets.

Haven't been adding much lately, but the stock market growth pushed us over $600K. About to really start piling it on this year. Our goal is to get up to $700K before 2018. Good luck all!

Well the market certainly helped out a lot this past year. We ended up at $794K on 1 Jan. Beat our goal by a healthy margin! It really is amazing how the market can supercharge your savings with compound interest. I think it was around $500 that I really saw it take over and begin overwhelming my savings.

Just a few weeks into 2018 and we are up to $819K. I haven't added any of my own savings in yet this year either. Amazing. (I suppose it can be just as amazing going the other way too!)

Title: Re: Race from 500k to 1M!
Post by: Bergal on January 13, 2018, 09:00:38 AM
Congratulations, Herbert!  Well done.
Thanks for the encouragement, Trifele.  I'm going to take your advice and concentrate on $800k liquid, rather than $1m, which seems so far away right now!
Title: Re: Race from 500k to 1M!
Post by: BluePhoenix75 on January 13, 2018, 08:27:35 PM
Been lurking for a year and now I'm ready to jump into the fray!  $1M here we come!

1/2018 - $565,049 NW
Title: Re: Race from 500k to 1M!
Post by: Trifele on January 14, 2018, 03:46:06 AM
Welcome BluePhoenix75! 
Title: Re: Race from 500k to 1M!
Post by: BluePhoenix75 on January 14, 2018, 07:57:43 AM
Welcome BluePhoenix75!

Thanks! Happy to be here. :)
Title: Re: Race from 500k to 1M!
Post by: ozbeach on January 14, 2018, 11:29:26 PM
At close of trading today I edged over the line with a LNW of AU$1,002,455!

I have been updating my spreadsheet pretty much every day this year waiting for this. Now that I have made it I can go back to updating only at the end of the month.

As I was sitting at the computer, I went to pay a bill online and spent a few minutes working out whether it was worth the $1.60 surcharge to pay by credit card or use a savings account and forgo the puny interest. Old habits die hard!

I'm just back from the shops with a nice bottle of wine for dinner (oops the new years resolution!) and bacon and eggs for breakfast in the morning. Back to normal after those wild celebrations are over.
Title: Re: Race from 500k to 1M!
Post by: A&R on January 16, 2018, 11:06:57 AM
12/17/17  $739,821
01/16/18  $774,717

That jump seems crazy to me.
Title: Re: Race from 500k to 1M!
Post by: asosharp on January 16, 2018, 09:17:12 PM
Woohoo!!! Finally!!!

11/23/2012: $45,000.00
08/03/2013: $100,000.00
01/01/2016: $408,896.04
01/01/2017: $617,283.09
06/06/2017: $758,104.40
10/15/2017: $856,488.71
11/18/2017: $929,536.54
11/27/2017: $944,395.35
12/17/2017: $956,928.07
01/01/2018: $968,307.87
01/05/2018: $987,442.11
01/08/2018: $996,215.32
01/09/2018: $998,819.79
01/10/2018: $999,079.24
01/11/2018: $1,003,101.34

Congratulations!!
Title: Re: Race from 500k to 1M!
Post by: Trifele on January 17, 2018, 03:02:36 AM
At close of trading today I edged over the line with a LNW of AU$1,002,455!

Nice job Ozbeach!   
Title: Re: Race from 500k to 1M!
Post by: Finallyunderstand on January 17, 2018, 01:05:44 PM
Estimates of NW over the years with more concrete values currently
2011: $40k  Real estate sucked (I'm a realtor and own rentals), income was low and equity was non existent.  Tough times!
2012: $55k
2013: $75k
2014: $160k  Being a realtor and also having a large portion of NW in real estate helped income and value go up drastically. (income $155k) plus asset appreciation
2015: $295k  (income $210k) plus asset appreciation
2016: $505k (income $242k) plus asset appreciation
Started using Mint for tracking in 2017
2017: March $515
         April $500 spent money... :(
         May $521
         June $573
         July $588
         Aug $605k
         Sep $647k
         Oct $650k
         Dec $684K
2018
         Jan $725k 
Title: Re: Race from 500k to 1M!
Post by: willfire on January 20, 2018, 04:04:33 PM
Dec 2014: 410,781
Dec 2015: 449,701
Dec 2016: 517,871
Dec 2017: 650,444
01/20/2018:  679,426

started to get serious about investing around 2007, before that it was mostly in CD's.  It took a long time to get to the first 500k, hopefully the 2nd half will come much quicker. 

Average about 35k to 40k of contribution per year, the rest is from Mr. market.
Title: Re: Race from 500k to 1M!
Post by: Trifele on January 21, 2018, 05:06:42 AM
That's some nice progress, Willfire. Welcome aboard!
Title: Re: Race from 500k to 1M!
Post by: ShadowRegent on January 22, 2018, 05:59:47 PM
Finally made it today (much sooner than I expected)!  A little surreal, and I suspect a downturn will push me back below $1M at some point soon... but until then, onward to $2M!

1/2018 - $1,001,992
12/2017 - $961,556
11/2017 - $855,662
10/2017 - $841,984
9/2017 - $825,048
8/2017 - $810,361
7/2017 - $742,337
2016 - $619,152
2015 - $593,948
2014 - $190,525
2013 - $82,600
2012 - $75,812
2011 - ($159,240)
2010 - ($188,257)
Title: Re: Race from 500k to 1M!
Post by: Zamboni on January 22, 2018, 06:09:55 PM
Congrats, ShadowRegent!
Title: Re: Race from 500k to 1M!
Post by: NinetyFour on January 22, 2018, 06:27:11 PM
Congrats, ShadowRegent!

Well done!!!  :D
Title: Re: Race from 500k to 1M!
Post by: Lila8 on January 23, 2018, 07:07:43 PM

Exercise company options and consolidate investments @ Vanguard: Soon as there's a decent recovery. Not sure what's ailing it lately. Can you clarify this please? Recovery from what? What is ailing lately?


Thanks, Dicey.
The company's stock price has been depressed the past couple of months, despite analyst valuations that are significantly higher.
Title: Re: Race from 500k to 1M!
Post by: skip207 on January 24, 2018, 01:47:03 AM
Has anyone plotted a curve to plot time vs progress for everyone?  I know someone did this once on the 250-500 thread and it was actually quite interesting to see the average and how the majority progressed within pretty much the same time frame. 
Title: Re: Race from 500k to 1M!
Post by: FireHiker on January 25, 2018, 06:18:05 PM
               Stash           Total NW including home equity
3/28/17:   667k           1.208M
4/28/17:   704k           1.193M
5/25/17:   716k           1.244M
6/27/17:   734k           1.284M
7/24/17:   752k           1.287M
8/24/17:   753k           1.303M
9/28/17:   783k           1.384M
10/31/17: 800k           1.411M
11/27/17: 821k           1.432M
12/26/17: 844k           1.452M
1/25/18:   890K           1.511M

I am astounded at the numbers from the past year, even though so much of it is market gains and therefore not within my control.
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on January 25, 2018, 06:29:43 PM
               Stash           Total NW including home equity
3/28/17:   667k           1.208M
4/28/17:   704k           1.193M
5/25/17:   716k           1.244M
6/27/17:   734k           1.284M
7/24/17:   752k           1.287M
8/24/17:   753k           1.303M
9/28/17:   783k           1.384M
10/31/17: 800k           1.411M
11/27/17: 821k           1.432M
12/26/17: 844k           1.452M
1/25/18:   890K           1.511M

I am astounded at the numbers from the past year, even though so much of it is market gains and therefore not within my control.

What's the line about luck favoring the prepared?  Having the discipline to put yourself into a position to benefit from a rising market was under your control.
Title: Re: Race from 500k to 1M!
Post by: TheAnonOne on January 26, 2018, 06:36:00 PM
Pretty excited to post and see others posts this month. I am already at a record month and I still have a huge paycheck before Jan is over!
Title: Re: Race from 500k to 1M!
Post by: willfire on January 27, 2018, 01:47:34 PM
That's some nice progress, Willfire. Welcome aboard!

thanks, Trifele.

Really thrilled by the progress but little scared at the same time.  can't stop thinking when will be a correction, although theoretically it's a good buying opportunity.

1 mil. still seems so far away...
Title: Re: Race from 500k to 1M!
Post by: Trifele on January 27, 2018, 02:20:14 PM
That's some nice progress, Willfire. Welcome aboard!

thanks, Trifele.

Really thrilled by the progress but little scared at the same time.  can't stop thinking when will be a correction, although theoretically it's a good buying opportunity.

1 mil. still seems so far away...

Yeah, there will be a correction, but we just need to ride it out . . . When it happens, it's not theoretically a good opportunity; it IS a good opportunity. :) 
Title: Re: Race from 500k to 1M!
Post by: Zamboni on January 30, 2018, 07:15:55 PM
I decided to post my update on a mini-correction day instead of waiting until tomorrow (since January has just been insane in terms of market gains anyway):

Numbers for end of month:
Month Year: Investments
June 2017: 504K
July 2017: 523K
Decided to add in home equity and give net worth as second number:
Aug 2017: 533K / 666K
Sep 2017: 539K / 679K
Oct 2017: 551K / 698K
Nov 2017: 561K / 711K
Dec 2017: 569K / 724K
Jan 2018: 589K / 751K
Title: Re: Race from 500k to 1M!
Post by: TheAnonOne on January 31, 2018, 11:22:38 AM
Returning to update . . .

2015 DEC:252k<- Crossed 250k
--
2016 JAN:260k(+8k)
2016 FEB:281k(+21k)
2016 MAR:285k(+4k)
2016 APR:298k(+13k)
2016 MAY:305k(+7k)
2016 JUN:307k(+2k)
2016 JUL:320k(+13k)
2016 AUG:326k(+6k)
2016 SEP:336k(+10k)
2016 OCT:337k(+1k)
2016 NOV:361k(+24k)
2016 DEC:368k(+7k)
--
2017 JAN:382k(+14k)
2017 FEB:403k(+21k)
2017 MAR:416k(+13k)
2017 APR:427k(+11k)
2017 MAY:436k(+9k)
2017 JUN:449k(+13k)
2017 JUL:464k(+15k)
2017 AUG:478k(+14k)
2017 SEPT:494k(+16k)
2017 OCT:510k(+16k) <- Crossed 500k
2017 NOV:523k(+13k)
2017 DEC:534k(+11k)
--
2018 JAN:558k(+24k) (Had the month ended on Monday, it would have been whopping 7-10k higher!)

FIRST posting of the year!

Almost our best month ever! Simply tied for now. When my paycheck actually clears it might bump us into record territory. I get paid once a month so, when I make these it's a good guess at my income. I always come back and adjust!

FOLLOWUP- I probably did beat my record but given this month of down market I think I will just leave this post-as-is :) Down 22k so far! weeee


+$24k this year! Aiming, for 100k in any given year of savings. Though, I am really only tracking worth gains, not savings directly. (So it includes gains/losses in the market) Given 11 month(s) left, and 76k more to go, I should hit this goal!

Title: Re: Race from 500k to 1M!
Post by: JustGettingStarted1980 on January 31, 2018, 04:45:23 PM
Kicking some ass Anon! Keep it going!
Title: Re: Race from 500k to 1M!
Post by: skip207 on February 01, 2018, 02:10:37 AM
Officially joining with my first proper update.

A very up and down month was well into 500k early Jan, markets cost me in the last 2 days but still passed the line :)

01/01/17 £374668
01/01/18 £497097
01/02/18 £500655

Targets

FIRE 2022 age low 40s.
Number £850k
Targets is to put around £100k onto the NW each year for the next 4 years. 
Target income at FIRE £35-40k.
Title: Re: Race from 500k to 1M!
Post by: Trifele on February 01, 2018, 03:48:01 AM
Wow was this a good month!  I know it can't continue, but this past year has been fun.

Monthly update (retirement investments only, not counting 529s or house equity).   

               Invested (+/-)
5/1/17 --    $631k     
6/1/17 --    $647k (+$16k)     
7/1/17 --    $655k (+$8k)   
8/1/17 --    $665k (+$10k)   
9/1/17 --    $672k (+$7k)   
10/1/17 --  $684k (+$12k)   
11/1/17 --  $702k (+$18k)
12/1/17 --  $724k (+$22k)
1/1/18  --   $731k (+$7k)
2/1/18  --   $761k (+$30k)
Title: Re: Race from 500k to 1M!
Post by: Trifele on February 01, 2018, 03:51:44 AM
Welcome aboard Skip207!  You are making great progress.
Title: Re: Race from 500k to 1M!
Post by: salt cured on February 01, 2018, 05:12:37 AM
Obviously this was a great month. NW is up $46k over last month, shattering our previous best increase (+$30k). Our year-over-year NW increase is over $200k for the first time. And we went from $500k to $600k in just under four months. $1000k in 2019 now seems possible.

I also got some financial housekeeping done this month. I finally rolled the last of our high fee investments into Fidelity. These were a mix of American Funds that have performed in line with the SP500 the last several years, but it was time to get them back under our control. I dropped off our tax information with our accountant and expect to have that squared away soon (I'm not capable of DIYing them anymore). I'm hoping for a roughly ~$5k refund, which will all go to a family member as a gift. Last but not least, we finally opened a taxable investment account (and proceeded to lose $15 this month!).

Aug17:$488k
Sep17:$507k
Oct17:$526k
Nov17:$546k
Dec17:$566k
Jan18:$612k
Title: Re: Race from 500k to 1M!
Post by: Zoot on February 01, 2018, 06:22:34 AM
First day of a new month--time for another update!  :)

MonthLiquidNet Worth
Jan-17
$604K
$883K
Feb-17$622K$905K
Mar-17$651K$930K
Apr-17$660K$939K
May-17$675K$954K
Jun-17$694K$967K
Jul-17$717K$991K
Aug-17$721K$1,000K
Sep-17$738K$1,007K
Oct-17$762K$1,033K
Nov-17$782K$1,055K
Dec-17$796K$1,058K
Jan-18$836K$1,095K

How can it POSSIBLY be that our net worth rose $37K this month--or, even more mind-boggling, that our investment accounts rose by $40K?  It still boggles my mind. 

Yes, we added our usual ~$7K through savings in tax-deferred accounts, employer match, and post-tax savings, so I suppose that made our actual investment account GAIN "only" $33K.  Still--wow.

We made another payment of 7K to our contractors on our home renovations (we'll pay the last $1K next month and will be done with that for a while).

Here's to a successful February for everybody!

(posting also in the $1M to $2M thread for net worth)
Title: Re: Race from 500k to 1M!
Post by: boarder42 on February 01, 2018, 07:15:41 AM
Invest / total
6/24/16 - 362k / 500k NW
12/1/16 - 404k / 550k NW
1/1/17 - 450k / 600k NW
2/1/17 - 462k / 607k NW
5/1/17 - 514k / 666k NW
6/1/17 - 526k / 673k NW
7/1/17 - 542k / 691k NW
8/1/17 - 557k / 707k NW
11/1/17 - 603k / 753k NW
12/1/17 - 625k / 775k NW
01/1/18 - 651k /805k NW
02/1/18 - 681k / 831k NW
Title: Re: Race from 500k to 1M!
Post by: Done by Forty on February 01, 2018, 08:26:01 AM
Looks like we made at least part of the goal! Now to get the whole way there with our liquid assets.

8/1/17: $834k liquid ($916k NW)
9/1/17: $841k liquid ($921k NW)
10/1/17: $857k liquid ($941k NW)
11/1/17: $872k liquid ($959k NW)
12/1/17: $889k liquid ($976k NW)
1/1/18: $902k liquid ($997k NW)
2/1/18: $939k liquid ($1.035M NW)
Title: Re: Race from 500k to 1M!
Post by: RWD on February 01, 2018, 09:09:52 AM
Looks like we made at least part of the goal! Now to get the whole way there with our liquid assets.

8/1/17: $834k liquid ($916k NW)
9/1/17: $841k liquid ($921k NW)
10/1/17: $857k liquid ($941k NW)
11/1/17: $872k liquid ($959k NW)
12/1/17: $889k liquid ($976k NW)
1/1/18: $902k liquid ($997k NW)
2/1/18: $939k liquid ($1.035M NW)

Congrats!
Title: Re: Race from 500k to 1M!
Post by: NinetyFour on February 01, 2018, 09:37:46 AM
Looks like we made at least part of the goal! Now to get the whole way there with our liquid assets.

8/1/17: $834k liquid ($916k NW)
9/1/17: $841k liquid ($921k NW)
10/1/17: $857k liquid ($941k NW)
11/1/17: $872k liquid ($959k NW)
12/1/17: $889k liquid ($976k NW)
1/1/18: $902k liquid ($997k NW)
2/1/18: $939k liquid ($1.035M NW)

Congrats!

Woo hoo!!!!!  :)
Title: Re: Race from 500k to 1M!
Post by: kapnfriday on February 01, 2018, 09:50:33 AM
Wow, what a month January was.

Invested assets:
12-2017: $510,037
1-2018: $539,718 (+29.6k)

I keep asking myself if this is for real.
Title: Re: Race from 500k to 1M!
Post by: fiStressRelief on February 01, 2018, 10:08:51 AM

1/1/18   - 633k / 1000k
2/1/18   - 668k / 1034k

Good start to the year!
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on February 01, 2018, 12:13:36 PM
Jan 2018 - 846K  /  987K 
Feb 2018 - 880K /  1.02M     

+33K on the year so far.

Can't help but feel the footsteps of a major correction on the horizon. Too many people are talking about the market at the office and in social circles.  Has that effervescent feel.  But we could still have a ways to go up.  I was expecting a downturn 3 years ago. And 2 years ago. And again last year. 

Greenspan says we're in a bubble.  Back when he was at the wheel and called it 'irrational exuberance', there were a few years left on the upswing before the burst. 
Title: Re: Race from 500k to 1M!
Post by: YellowCat on February 01, 2018, 05:01:15 PM
Jan 2017: $444,411
Feb 2017: $466,365 (+$21,954)
Mar 2017: $473,859 (+$7,494)
Apr 2017: $496,610 (+$22,751)
May 2017: $509,180 (+$12,570)
Jun 2017: $522,280 (+$13,100)
Jul 2017: $539,829 ($17,549)
Aug 2017: $547,156 (+$7,327)
Sept 2017: $568,755 (+$21,599)
Oct 2017: $588,681 (+$19,926)
Nov 2017: $612,643 (+$23,962)
Dec 2017: $628,029 (+$15,386)
Jan 2018: $664,203 (+$36,174)

As everybody mentioned, it certainly was a crazy month! Our best yet by far.
Title: Re: Race from 500k to 1M!
Post by: mynewchoice on February 01, 2018, 10:37:30 PM
In the spirit of the new year, I thought I'd change up my updates to give me more of a historical snapshot and monitor my year over year increase as well.  Tracking my liquid investments only and looking to close the gap on $1MM this year with a stretch goal to actually reach it if all goes well!

YOY Increase     2018           2017           2016
+164k01/01/18   710k01/01/17   546k01/01/16   461k
+188k02/01/18   748k02/01/17   560k02/01/16   436k
03/01/18   03/01/17   582k03/01/16   450k
04/01/18   04/01/17   594k04/01/16   481k
05/01/18   05/01/17   603k05/01/16   481k
06/01/18   06/01/17   617k06/01/16   496k
07/01/18   07/01/17   620k07/01/16   492k
08/01/18   08/01/17   633k08/01/16   518k
09/01/18   09/01/17   640k09/01/16   526k
10/01/18   10/01/17   660k10/01/16   523k
11/01/18   11/01/17   678k11/01/16   509k
12/01/18   12/01/17   699k12/01/16   531k
Title: Re: Race from 500k to 1M!
Post by: OurTown on February 02, 2018, 06:39:24 AM
5/1/15 = $284

10/1/15 = $339
11/1/15 = $357
12/1/15 = $365

1/1/16 = $374
2/1/16 = $373
3/1/16 = $379
4/1/16 = $391
5/1/16 = $398
6/1/16 = $406
7/1/16 = $415
8/1/16 = $426
9/1/16 = $424
10/1/16 = $427
11/1/16 = $428
12/1/16 = $438

1/1/17 = $461
2/1/17 = $471
3/1/17 = $482
4/1/17 = $479
5/1/17 = $492
6/1/17 = $500
7/1/17 = $508
8/1/17 = $518
9/1/17 = $523
10/1/17 = $543
11/1/17 = $550
12/1/17 = $558

1/1/18 = $580
2/1/18 = $593
Title: Re: Race from 500k to 1M!
Post by: G-Cool on February 02, 2018, 10:53:38 AM
I finally made it! So happy to join this prestigious club!

02/2018 : $502k Inv. / $627k NW

Thank you all for your inspiration :-)
Title: Re: Race from 500k to 1M!
Post by: Trifele on February 03, 2018, 05:14:38 AM
I finally made it! So happy to join this prestigious club!

02/2018 : $502k Inv. / $627k NW

Thank you all for your inspiration :-)

Welcome G-Cool!  Come on in, friend.

EDITED to add -- You squeaked in just before the market dip yesterday, haha.  Don't worry, you'll be in good company if your end-of-February number dips back below $500k . . .  We can all cry in our beer -- and then ride it out -- together.   
Title: Re: Race from 500k to 1M!
Post by: asauer on February 05, 2018, 06:44:53 AM
Aug 1 2017: 519, 045.81
Sept. 2017: 526, 110.79
Oct  2017:531,034.52
Nov 2017: 548,730
Dec 2017: 564,953
Jan 2018: 585,693
Feb 2018: 613,810

Nice increase even with the sight market correction last week! 
Title: Re: Race from 500k to 1M!
Post by: YoungGranny on February 05, 2018, 09:55:01 AM

Dec. 2017: $502k
Jan. 2, 2018: $513.7k


Feb. 5, 2018: $539.9k

Market increases + annual 401k bonus + high savings rate = magic :)
Title: Re: Race from 500k to 1M!
Post by: willfire on February 05, 2018, 01:35:17 PM
That's some nice progress, Willfire. Welcome aboard!

thanks, Trifele.

Really thrilled by the progress but little scared at the same time.  can't stop thinking when will be a correction, although theoretically it's a good buying opportunity.

1 mil. still seems so far away...

Yeah, there will be a correction, but we just need to ride it out . . . When it happens, it's not theoretically a good opportunity; it IS a good opportunity. :)

I think I might have jinxed myself...
Title: Re: Race from 500k to 1M!
Post by: formerlydivorcedmom on February 05, 2018, 02:13:56 PM
These numbers are as of Saturday.... I was really excited to see that our liquid net worth went up by exactly $100k in 2017, although our savings rate was not as good as it normally is. 

I don't expect the numbers to remain so pretty (and we "lost" value of about $10k on Friday). However, on Friday I upped my 401k contribution to max it out for 2018, so we'll be in a good position to take advantage of any correction.

                   Invested/Overall NW
End of 2012: 170k / 200k  *(re)married
End of 2013: 295k / 342k
End of 2014: 338k / 388k
End of 2015: 366k / 428k *June - husband quit work to go back to college full-time
End of 2016: 432k / 545k
End of 2017: 532k / 664k [+83k college funds] * Sep - husband started working part-time; still going to college

end of Jan 2018:  553k / 686k  [+85k college funds]
Title: Re: Race from 500k to 1M!
Post by: talltexan on February 07, 2018, 06:50:32 AM
I graduated to the "race to $2,000,000" thread last year, but I'm nervous about a bear market. Please be nice to me, guys, when I come crawling back...

Rebalancing today, currently I have almost no bonds.
Title: Re: Race from 500k to 1M!
Post by: salt cured on February 07, 2018, 08:53:32 AM
I graduated to the "race to $2,000,000" thread last year, but I'm nervous about a bear market. Please be nice to me, guys, when I come crawling back...

Rebalancing today, currently I have almost no bonds.

What are you buying, if you don't mind me asking? We have about 10% of our stash in a mix of cash, TIPS, and intermediate government bonds, but I don't have a good rationale for this mix. I've had a lot of trouble finding guidance on fixed income.
Title: Re: Race from 500k to 1M!
Post by: talltexan on February 08, 2018, 07:50:29 AM
For bonds, I have a Roth in which I just buy something like "bond fund for America". I sold the stake in November because it felt like it was slowing me down (I'm currently 37 and thought I could handle the risk). Within my 401K there's just a generic bond fund. Intermediate or short term bonds should be fine for your needs.
Title: Re: Race from 500k to 1M!
Post by: skip207 on February 10, 2018, 04:38:02 AM
So... whats the done thing if your NW drops back below 500k?  Rejoin the 250-500k thread?

Just updated after all the market wobbles and now @ 490... might be lower by the end of the month!
Title: Re: Race from 500k to 1M!
Post by: Trifele on February 10, 2018, 05:16:36 AM
So... whats the done thing if your NW drops back below 500k?  Rejoin the 250-500k thread?

Just updated after all the market wobbles and now @ 490... might be lower by the end of the month!

Totally up to you, Skip, but I think I'd just stay here.  There'll be quite a few people in this boat.  I say let's just put on a pot of coffee and hang out.  You'll get back to the 500k mark. 
Title: Re: Race from 500k to 1M!
Post by: JustGettingStarted1980 on February 10, 2018, 09:38:05 AM
I graduated to the "race to $2,000,000" thread last year, but I'm nervous about a bear market. Please be nice to me, guys, when I come crawling back...

Rebalancing today, currently I have almost no bonds.

What are you buying, if you don't mind me asking? We have about 10% of our stash in a mix of cash, TIPS, and intermediate government bonds, but I don't have a good rationale for this mix. I've had a lot of trouble finding guidance on fixed income.

This is a Bogleheads Forum question. They'll give you the best input, IMHO, in regards to this.  Your question has likely been answered (and discussed and debated and debated some more) dozens of times on that forum. Just use the search function.

www.bogleheads.org

All the best,

JGS

FWIW, I'm also 90% Equities, 10% Bonds. My Bonds are in US Treasuries (30 year -yields about 3%) as per the Cash Balance plan at my workplace, and that's enough for me.
Title: Re: Race from 500k to 1M!
Post by: rebel_quietude on February 11, 2018, 03:39:34 AM
So... whats the done thing if your NW drops back below 500k?  Rejoin the 250-500k thread?

Just updated after all the market wobbles and now @ 490... might be lower by the end of the month!

Totally up to you, Skip, but I think I'd just stay here.  There'll be quite a few people in this boat.  I say let's just put on a pot of coffee and hang out.  You'll get back to the 500k mark.

Well, it was nice while it lasted . . .

In the meantime, sending a virtual hug to all those whose nets just dropped ~50k. *sigh*
Title: Re: Race from 500k to 1M!
Post by: JustGettingStarted1980 on February 11, 2018, 10:43:48 AM
So... whats the done thing if your NW drops back below 500k?  Rejoin the 250-500k thread?

Just updated after all the market wobbles and now @ 490... might be lower by the end of the month!

Totally up to you, Skip, but I think I'd just stay here.  There'll be quite a few people in this boat.  I say let's just put on a pot of coffee and hang out.  You'll get back to the 500k mark.

Well, it was nice while it lasted . . .

In the meantime, sending a virtual hug to all those whose nets just dropped ~50k. *sigh*

 This is why I update every three months instead of monthly.  Less noise in the NW trends.  This is also why I make a point of counting total number of shares I have at the end of every year.
Title: Re: Race from 500k to 1M!
Post by: BeanCounter on February 11, 2018, 11:21:39 AM
So... whats the done thing if your NW drops back below 500k?  Rejoin the 250-500k thread?

Just updated after all the market wobbles and now @ 490... might be lower by the end of the month!

Totally up to you, Skip, but I think I'd just stay here.  There'll be quite a few people in this boat.  I say let's just put on a pot of coffee and hang out.  You'll get back to the 500k mark.

Well, it was nice while it lasted . . .

In the meantime, sending a virtual hug to all those whose nets just dropped ~50k. *sigh*

sigh. I am no longer a millionaire. Bummer.
Title: Re: Race from 500k to 1M!
Post by: Chairman on February 16, 2018, 12:49:58 PM
Joining the club.

...

Not sure when/if I'll get to 1m; may semi-FIRE before then.
...

If the market were to stay flat, would probably hit 1m investible around 6 months from now.
Quarterly update, November 2017:

....

Not declaring victory yet though until I have 1m investible and no debt to the bank.
Quarterly update, February 2018:


I am not entirely sure of the dates and numbers, but this is vaguely correct... Net worth is clearly north of $1m now, and we even have more than $1m invested/investible, but still not debt free: another $66k and we'd have enough to pay off our debts and still have $1m invested/investible, so getting pretty close now.
Title: Re: Race from 500k to 1M!
Post by: asosharp on February 18, 2018, 08:48:33 PM
I'm at $797,202. Still up from last month, which is great considering that I bought my share parcels just before the recent downturn.

Also I have cryptocurrency and as you all know the value of crypto went down quite a bit. I'm down on one of the coins, but I'm still heaps up on one of the other ones I bought.

The property market is at a low where I am at the moment, and I'm considering purchasing a house some time later this year or maybe next year. But we'll see. I actually read an article last week or so about a 35 year old retiring due to Mustachian concepts and instead what he does now is to travel the world. I have this kind of work vs travel thing in my head going so we'll see which one wins out in the end!
Title: Re: Race from 500k to 1M!
Post by: talltexan on February 19, 2018, 01:37:44 PM
I, too, have dabbled in the crypto, my stake is about $270 at this moment's prices.
Title: Re: Race from 500k to 1M!
Post by: mynewchoice on February 20, 2018, 02:24:16 PM
I've been involved with crypto as well, however am not currently counting it in my FIRE assets.  I'm viewing it as a fun hobby that may expedite my FIRE date, but I am not putting any money into it that I wouldn't put into some other hobby / interest.
Title: Re: Race from 500k to 1M!
Post by: talltexan on February 21, 2018, 12:04:24 PM
When my crypto becomes worth $1,000,000, I will start a separate topic called "Race to $1 million in crypto assets" and boast about how smart I was there.
Title: Re: Race from 500k to 1M!
Post by: Zamboni on February 25, 2018, 07:25:28 PM
Ending February early on purpose:

Numbers for end of month:
Month Year: Investments
June 2017: 504K
July 2017: 523K
Add in home equity: net worth as second number:
Aug 2017: 533K / 666K
Sep 2017: 539K / 679K
Oct 2017: 551K / 698K
Nov 2017: 561K / 711K
Dec 2017: 569K / 724K
Jan 2018: 589K / 751K
Feb 2018: 577K / 741K
Title: Re: Race from 500k to 1M!
Post by: asosharp on February 26, 2018, 03:35:50 AM
Actually I sold a lot of my crypto before the big bust. I'm one of those people who has gut feelings about things and I sold it all approximately two days before the downturn as I had a gut feeling it was going to turn for the worst.

I've also made a bit of money from buying things and reselling them on eBay and other similar websites but I haven't included that in my recent update.
Title: Re: Race from 500k to 1M!
Post by: salt cured on February 28, 2018, 06:26:44 AM
For the first time since January 2016, our net worth dropped. I guess that's a good thing because it means our investments have grown enough to minimize the impact of our monthly contributions.

Aug17:$488k
Sep17:$507k
Oct17:$526k
Nov17:$546k
Dec17:$566k
Jan18:$612k
Feb18:$603k
Title: Re: Race from 500k to 1M!
Post by: OurTown on February 28, 2018, 07:45:19 AM
5/1/15 = $284

10/1/15 = $339
11/1/15 = $357
12/1/15 = $365

1/1/16 = $374
2/1/16 = $373
3/1/16 = $379
4/1/16 = $391
5/1/16 = $398
6/1/16 = $406
7/1/16 = $415
8/1/16 = $426
9/1/16 = $424
10/1/16 = $427
11/1/16 = $428
12/1/16 = $438

1/1/17 = $461
2/1/17 = $471
3/1/17 = $482
4/1/17 = $479
5/1/17 = $492
6/1/17 = $500
7/1/17 = $508
8/1/17 = $518
9/1/17 = $523
10/1/17 = $543
11/1/17 = $550
12/1/17 = $558

1/1/18 = $580
2/1/18 = $593
3/1/18 = $589
Title: Re: Race from 500k to 1M!
Post by: skip207 on February 28, 2018, 03:57:28 PM
01/01/17 £374668
01/01/18 £497097
01/02/18 £500655
01/03/18 £497804

First dip in a while but to be expected. 
Title: Re: Race from 500k to 1M!
Post by: TheAnonOne on February 28, 2018, 05:57:33 PM
Returning to update . . .

2015 DEC:252k<- Crossed 250k
--
2016 JAN:260k(+8k)
2016 FEB:281k(+21k)
2016 MAR:285k(+4k)
2016 APR:298k(+13k)
2016 MAY:305k(+7k)
2016 JUN:307k(+2k)
2016 JUL:320k(+13k)
2016 AUG:326k(+6k)
2016 SEP:336k(+10k)
2016 OCT:337k(+1k)
2016 NOV:361k(+24k)
2016 DEC:368k(+7k)
--
2017 JAN:382k(+14k)
2017 FEB:403k(+21k)
2017 MAR:416k(+13k)
2017 APR:427k(+11k)
2017 MAY:436k(+9k)
2017 JUN:449k(+13k)
2017 JUL:464k(+15k)
2017 AUG:478k(+14k)
2017 SEPT:494k(+16k)
2017 OCT:510k(+16k) <- Crossed 500k
2017 NOV:523k(+13k)
2017 DEC:534k(+11k)
--
2018 JAN:558k(+24k)
2018 FEB:569k(+11k)

+$35k this year! Aiming, for 100k in any given year of savings. Though, I am really only tracking worth gains, not savings directly. (So it includes gains/losses in the market) Given 10 month(s) left, and 65k more to go, I should hit this goal!


NOTE: Not too bad given this month. Two things helped, income is very high right now, and I did end up with a few grand in a tax return. I feel pretty good being up 11k when I see some here posting losses! (I am 100% vtsax right now)
Title: Re: Race from 500k to 1M!
Post by: Trifele on March 01, 2018, 03:13:28 AM
Bumpy month!  Still up since the first of the year though.  Here's our update, including only investments (not house equity or 529 accounts):


               Invested (+/-)
5/1/17 --    $631k     
6/1/17 --    $647k (+$16k)     
7/1/17 --    $655k (+$8k)   
8/1/17 --    $665k (+$10k)   
9/1/17 --    $672k (+$7k)   
10/1/17 --  $684k (+$12k)   
11/1/17 --  $702k (+$18k)
12/1/17 --  $724k (+$22k)
1/1/18  --   $731k (+$7k)
2/1/18  --   $761k (+$30k)
3/1/18  --   $737k (-$24k)

Title: Re: Race from 500k to 1M!
Post by: formerlydivorcedmom on March 01, 2018, 07:58:24 AM

                   Invested/Overall NW
End of 2012: 170k / 200k  *(re)married
End of 2013: 295k / 342k
End of 2014: 338k / 388k
End of 2015: 366k / 428k *June - husband quit work to go back to college full-time
End of 2016: 432k / 545k
End of 2017: 532k / 664k [+83k college funds] * Sep - husband started working part-time; still going to college

end of Jan 2018:  553k / 686k  [+85k college funds]
end of Feb 2018: 545k / 679k   [+86k college funds]

I think we've saved enough in eldest kid's college fund.  We're 85% to our goal for her, and she's got 6 years left before she heads off to college.  Since the younger two didn't get to take advantage of the 2008 recession, we're debating whether to divide eldest kid's annual college contribution between them or put it in our brokerage account.
Title: Re: Race from 500k to 1M!
Post by: fiStressRelief on March 01, 2018, 10:06:15 AM

1/1/18   - 633k / 1000k
2/1/18   - 668k / 1034k


3/1/18   - 660k / 1028k
Title: Re: Race from 500k to 1M!
Post by: Roots&Wings on March 01, 2018, 11:13:48 AM
Updating

April 2016: $500k -----> saved $54.8k (~75% of income), 90/10 allocation
April 2017: $651k

Gain of $23k this past month alone. These insane market returns cannot continue.

Checking in again at $711k. I keep waiting for the crash.

$785k as of this morning.
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on March 01, 2018, 04:24:53 PM
I'm glad I ran these numbers this morning before the drop today.  Maybe by next month's update, things will have rebounded. 

                 LNW      TNW
Jan 2018 - 846K  /  987K 
Feb 2018 - 880K /  1.02M     
Mar 2018 - 859K /  1.00M

A real squeaker for that TNW number this morning.  I was afraid I'd have to turn in my smoking jacket.
Title: Re: Race from 500k to 1M!
Post by: mynewchoice on March 01, 2018, 05:00:54 PM
In the spirit of the new year, I thought I'd change up my updates to give me more of a historical snapshot and monitor my year over year increase as well.  Tracking my liquid investments only and looking to close the gap on $1MM this year with a stretch goal to actually reach it if all goes well!

YOY Increase     2018           2017           2016
+164k01/01/18   710k01/01/17   546k01/01/16   461k
+188k02/01/18   748k02/01/17   560k02/01/16   436k
+140k03/01/18   722k03/01/17   582k03/01/16   450k
04/01/18   04/01/17   594k04/01/16   481k
05/01/18   05/01/17   603k05/01/16   481k
06/01/18   06/01/17   617k06/01/16   496k
07/01/18   07/01/17   620k07/01/16   492k
08/01/18   08/01/17   633k08/01/16   518k
09/01/18   09/01/17   640k09/01/16   526k
10/01/18   10/01/17   660k10/01/16   523k
11/01/18   11/01/17   678k11/01/16   509k
12/01/18   12/01/17   699k12/01/16   531k

Most accounts took a bit of a hit, but those with active contributions are buying more shares per dollar contributed so not concerned.  It still wasn't fun to see the first decrease since late 2016 but still on track for my goals and chugging along.
Title: Re: Race from 500k to 1M!
Post by: Bergal on March 02, 2018, 06:38:49 AM
Adding Feb and Mar numbers ...

                     Invested/Cash    Total NW
End of 2015  $513k                $752k
End of 2016  $574k                $820k                   
10/1/17        $670k                $921k
11/1/17        $679k                $931k
12/1/17        $693k                $944k
1/1/18          $701K                $954k
2/1/18          $730k                $993k
3/1/18          $708k                $972k
Title: Re: Race from 500k to 1M!
Post by: Zoot on March 02, 2018, 09:16:29 AM
First day of a new month--time for another update!  :)

MonthLiquidNet Worth
Jan-17
$604K
$883K
Feb-17$622K$905K
Mar-17$651K$930K
Apr-17$660K$939K
May-17$675K$954K
Jun-17$694K$967K
Jul-17$717K$991K
Aug-17$721K$1,000K
Sep-17$738K$1,007K
Oct-17$762K$1,033K
Nov-17$782K$1,055K
Dec-17$796K$1,058K
Jan-18$836K$1,095K
Feb-18$823K$1,087K

We paid the last of our installments ($7K) for the home renovations, and now will start saving for the next round (finishing the basement).  I upped the value of our home in our net worth calculations by a few thousand to account for the completion of the renovations.

The wild swings in the market affected the numbers, of course, but not horribly so.  Looks like we're off to another bumpy start here in March with the announcement of the increase in tariffs on aluminum and steel; should be fascinating to watch how that plays out.

Onward!

(posting also in the $1M to $2M thread for net worth)
Title: Re: Race from 500k to 1M!
Post by: boarder42 on March 02, 2018, 11:36:06 AM
Invest / total
6/24/16 - 362k / 500k NW
12/1/16 - 404k / 550k NW
1/1/17 - 450k / 600k NW
2/1/17 - 462k / 607k NW
5/1/17 - 514k / 666k NW
6/1/17 - 526k / 673k NW
7/1/17 - 542k / 691k NW
8/1/17 - 557k / 707k NW
11/1/17 - 603k / 753k NW
12/1/17 - 625k / 775k NW
01/1/18 - 651k /805k NW
02/1/18 - 681k / 831k NW
03/1/18 - 660k / 811k NW
Title: Re: Race from 500k to 1M!
Post by: SCUBAstache on March 02, 2018, 12:18:32 PM
I got behind on tracking end of month numbers. First decline in a while, but not by too much. In mid-Feb I briefly went below 800k but it's (mostly) recovered at this point it seems. I am definitely at the point where I feel like I have (almost) no control over my NW. Which is both good and bad.

February 2018: 827k
January 2018: 831k

+162k this year! Pretty awesome bump and definitely more than my salary. Have some significant planned medical expenses next month that will put a ~5k dent in that, but I'll enjoy the number for now. :)

December 2017: 812k
November 2017: 799k
October 2017: 790k
September 2017: 776k
August 2017: 752k
July 2017: 751k
June 2017: 737k
May 2017: 732k
April 2017: 720k
March 2017: 711k
February 2017: 703k
January 2017: 680k
December 2016: 650k
December 2015: 487k
December 2014: 412k
December 2013: 350k
Title: Re: Race from 500k to 1M!
Post by: YellowCat on March 03, 2018, 05:35:26 AM
Jan 2017: $444,411
Feb 2017: $466,365 (+$21,954)
Mar 2017: $473,859 (+$7,494)
Apr 2017: $496,610 (+$22,751)
May 2017: $509,180 (+$12,570)
Jun 2017: $522,280 (+$13,100)
Jul 2017: $539,829 (+$17,549)
Aug 2017: $547,156 (+$7,327)
Sept 2017: $568,755 (+$21,599)
Oct 2017: $588,681 (+$19,926)
Nov 2017: $612,643 (+$23,962)
Dec 2017: $628,029 (+$15,386)
Jan 2018: $664,203 (+$36,174)
Feb 2018: $662,419 (-$1,784)

First down month since 2016...what a run! And even then, we're only down ~$2k.
Title: Re: Race from 500k to 1M!
Post by: YoungGranny on March 05, 2018, 07:01:36 AM

Dec. 2017: $502k
Jan. 2, 2018: $513.7k
Feb. 5, 2018: $539.9k


Mar. 5, 2018: $543.6k

Super high savings month for us which is the only reason we didn't slide backwards for us. Our investment accounts are down 2k net, we dumped in close to $9k between all of them this month, our rentals are also proving to be a good diversification tool since we cashflowed $2k last month. I get a bonus this month too so April will reflect higher than average savings as well - I won't mind if the market drops so I can buy some more index funds on sale with my bonus :)
Title: Re: Race from 500k to 1M!
Post by: OurTown on March 06, 2018, 07:37:47 AM
It looks like most people were able to offset the February market losses with current contributions, leaving the effect relatively "flat."     
Title: Re: Race from 500k to 1M!
Post by: YoungGranny on March 06, 2018, 07:53:49 AM
It looks like most people were able to offset the February market losses with current contributions, leaving the effect relatively "flat."     

Right? That's pretty awesome to not feel a down ~3% month. Plus we all got a chance to buy some discounted funds this past month :)
Title: Re: Race from 500k to 1M!
Post by: JustGettingStarted1980 on March 06, 2018, 10:08:27 AM
More Shares = Winning
Title: Re: Race from 500k to 1M!
Post by: kapnfriday on March 07, 2018, 09:48:57 AM

Invested assets:
12-2017: $510,037
1-2018: $539,718 (+29.6k)
2-2018: $514,481 (-25.2K)

The market giveth and the market taketh away.
Title: Re: Race from 500k to 1M!
Post by: Done by Forty on March 07, 2018, 09:58:37 AM
And then we pulled back...

8/1/17: $834k liquid ($916k NW)
9/1/17: $841k liquid ($921k NW)
10/1/17: $857k liquid ($941k NW)
11/1/17: $872k liquid ($959k NW)
12/1/17: $889k liquid ($976k NW)
1/1/18: $902k liquid ($997k NW)
2/1/18: $939k liquid ($1.035M NW)
3/1/18: $927k liquid ($1.028M NW)
Title: Re: Race from 500k to 1M!
Post by: tightwaddy on March 08, 2018, 04:45:01 PM
New to the thread after March contributions posted today (by a squeak).

Invested/Liquid:
April 9, 2016:  $319,737
April 16, 2017: $379,833

March 8, 2018: $500,818
Title: Re: Race from 500k to 1M!
Post by: JustGettingStarted1980 on March 08, 2018, 05:00:36 PM
Congratulations! And Welcome!!!
Title: Re: Race from 500k to 1M!
Post by: ToughMother on March 10, 2018, 08:03:35 AM
Net Worth Benchmarks
4/3/14     $430k (start tracking, thx MMM)
9/19/14    $500k
11/6/14    $550k
5/9/15     $600k
4/13/16    $650k
9/7/16     $700k
5/6/17     $750k
9/9/17     $800k
12/15/17   $850k
3/10/18    $900k
Title: Re: Race from 500k to 1M!
Post by: tightwaddy on March 10, 2018, 09:52:38 AM
Congratulations! And Welcome!!!

Thank you!
Title: Re: Race from 500k to 1M!
Post by: ACyclist on March 11, 2018, 08:48:29 AM
April '12   212K
April '13   226K
April '14   299K
April '15   332K
April '16   369K
April '17   493K
Now ====> 595K

Registered on MM Oct 17


Title: Re: Race from 500k to 1M!
Post by: skcook on March 18, 2018, 02:48:24 PM
Latest update below. Close to doubling net worth inside 2 years! I am including our home equity in this and have accounted for a small increase in home value, but nothing like the ridiculousness I see on Zillow.

Mar 2018 - $607k
Feb 2018 - $590k
Jan 2018 - $580k
Dec 2017 - $569k
Nov 2017 - $561k
Oct 2017 - $546k
Sep 2017 - $538k
Aug 2017 - $497k
July 2017 - $483k
Jun 2017 - $479k
May 2017 - $454k
Apr 2017 - $448k
Mar 2017 - $435k
Feb 2017 - $433k
Jan 2017 - $410k
Oct 2016 - $370k
Sep 2016 - $330k
Title: Re: Race from 500k to 1M!
Post by: monarda on March 18, 2018, 09:36:28 PM
I'll play!

             cash+rental equity       add primary residence equity
1/2016      $507K                              $627K
1/2017      $625K                              $797K

9/2017      $784K                              $904K


1MM dates- very likely sooner.
                3/2021                     12/2018

12/2017    $762K                  $903K  - remodeling primary residence! When project is done, big increase in equity!

3/2018     $725K             $866K - still remodeling. Framing and all exterior done, all bills paid! (to contractors)
 But I'm not going to increase the equity number here until the project is done on the inside, too.
Title: Re: Race from 500k to 1M!
Post by: Freedomin5 on March 19, 2018, 04:49:43 AM
Congrats!


We're just jumping over from the race to 500k thread. Just checked our accounts today and are sitting at around $527K net worth.

Checking in at $554K. +27K in ~2 months. Not too shabby.

Net worth is increasing so quickly it’s making me dizzy. Net worth is currently at $666K. Over $100K in three months.

The first $500K felt like it crawled up at the pace of a snail. Now, I’m shocked every time I update our net worth statement every month.
Title: Re: Race from 500k to 1M!
Post by: skip207 on March 19, 2018, 03:44:27 PM
Taking a major hit this month so far.

About £5k in unexpected expenses, from car service / tyres to a custom made item I ordered many months ago suddenly its ready and needs paying for.

On top of that the markets really not helping matters!

Reckon I am about £10k down this week alone.  Ouch.
Title: Re: Race from 500k to 1M!
Post by: gerardc on March 24, 2018, 10:00:52 PM
We can hear crickets in this thread after the past week :D

I got accustomed to great returns in 2017 but time to get back to reality. Still a few more years at work. Just hoping for no 50%+ recession.
Title: Re: Race from 500k to 1M!
Post by: Trifele on March 25, 2018, 06:03:39 AM
We can hear crickets in this thread after the past week :D

I got accustomed to great returns in 2017 but time to get back to reality. Still a few more years at work. Just hoping for no 50%+ recession.

Yeah, I am just trying not to look, haha.  Looks like my April 1 checkin is going to be ugly.  I'm FIREing early next year, but was not planning on touching the stash for a while, so that'll probably be ok.  If you've got a few years to go before you need the money you'll be fine.

Title: Re: Race from 500k to 1M!
Post by: Freedomin5 on March 25, 2018, 07:20:47 AM
Taxable investment accounts dropped by more than my monthly salary. I kind of hope it continues dropping until I get my paycheque this month and can buy more ETFs. I’m not planning to RE anytime soon though — I like my work, so I’m kind of SWAMI right now, so the dip doesn’t really bother me. I only discovered MMM about two years ago, and at the time I never thought I’d ever be one of those people whose investment movements are greater than monthly salary, so this is kind of exciting for me.

Dips allow me to get to $1 million faster. I’m also waiting for a dip in our local real estate market. I really want another rental property.
Title: Re: Race from 500k to 1M!
Post by: skip207 on March 25, 2018, 11:02:44 AM
Also keen for the new tax year so can get some more money into my ISA while the markets are down.
Title: Re: Race from 500k to 1M!
Post by: salt cured on March 25, 2018, 12:36:42 PM
We're down roughly $30k in the last week and back under $600k for the 3rd or 4th time. Looks like we could end the month in the red again.
Title: Re: Race from 500k to 1M!
Post by: BayAreaFrugal on March 27, 2018, 03:50:45 PM
I haven't been paying as much attention to my money lately, work has been too busy. I finally had enough breathing room today to distract myself with a financial review. We're currently sitting at about $350k invested and about $400k in home equity, but I'm not feeling good at all. With the craziness of work lately the desire to FIRE is intensifying, but when I tallied up my savings rate, it's not nearly as good as it needs to be. I'm sitting around 40% with lots of face punch worthy discretionary spending. Food and random shit I buy on Amazon has creeped up over the last year or two and really become a problem. I need to refocus my efforts!
Title: Re: Race from 500k to 1M!
Post by: talltexan on March 28, 2018, 12:28:10 PM
I discovered that mint.com was actually tracking my car loan as a positive balance, not a negative, meaning that I was over-reporting my networth by $16-$18 K. I'm still in the double-comma, but I apologize to everyone on this thread who was actually above me. Hang in there in this bear market, guys!
Title: Re: Race from 500k to 1M!
Post by: OurTown on March 30, 2018, 07:09:14 AM
1/1/15 = $266
2/1/15 = $269
3/1/15 = $278
4/1/15 = $280
5/1/15 = $284
6/1/15 = $295
7/1/15 = $298
8/1/15 = $338
9/1/15 = $335
10/1/15 = $339
11/1/15 = $357
12/1/15 = $365

1/1/16 = $374
2/1/16 = $373
3/1/16 = $379
4/1/16 = $391
5/1/16 = $398
6/1/16 = $406
7/1/16 = $415
8/1/16 = $426
9/1/16 = $424
10/1/16 = $427
11/1/16 = $428
12/1/16 = $438

1/1/17 = $461
2/1/17 = $471
3/1/17 = $482
4/1/17 = $479
5/1/17 = $492
6/1/17 = $500
7/1/17 = $508
8/1/17 = $518
9/1/17 = $523
10/1/17 = $543
11/1/17 = $550
12/1/17 = $558

1/1/18 = $580
2/1/18 = $593
3/1/18 = $589
4/1/18 = $587
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on March 30, 2018, 10:13:12 AM
Since yesterday was the last banking day of March, herewith the monthly numbers: 

                 LNW      TNW
Jan 2018 - 846K  /  987K 
Feb 2018 - 880K /  1.02M     
Mar 2018 - 859K /  1.00M
Apr 2018 - 855K /   996K   Booooo!   : ( 

I feel like the character Russ Hanneman from Silicon Valley when he lost his 3rd comma.  Now I really get that character.  He's much more sympathetic.

I'm (mostly) kidding of course.   How could I really complain?  I'm still up on the year so far.  I had to check to see where that $9K increase comes from and it's almost all my cash balance in my checking account.  Investment accounts are just treading water with the additions covering the losses so far. 

I changed my cash hoarding ways last year so this is an anomaly but I do have to write a check to Uncle Sam in a couple of weeks and pay some LLC renewal fees, etc.  I'll get most of the remainder invested by end of April, I think. 

I think we can expect a bumpy ride for the next little while.  Hope everyone else's numbers are still in the black for the year!
Title: Re: Race from 500k to 1M!
Post by: JustGettingStarted1980 on March 30, 2018, 01:58:04 PM
Jan-16      $257,514.77 (+49,787)
April-16    $277,918.06 (+20,403)
July-16     $306,073.47 (+28,155)
Oct -16     $357,689.04 (+53,415)
Jan -17     $405,710.23 (+48,021)
April -17   $446,004.04 (+39,424)
July-17     $496,327.00 (+50,322)
Oct-17      $535,958.74 (+39,631)
Jan-18      $617,102.81 (+81,144)
April -18   $649,856.20 (+32,718)

JGS
Title: Re: Race from 500k to 1M!
Post by: tightwaddy on March 30, 2018, 07:22:45 PM
Stash (NW):
April 9, 2016:  $319,737
April 16, 2017: $379,833

March 8, 2018: $500,818
March 30, 2018: $505,467 ($924,670)
Title: Re: Race from 500k to 1M!
Post by: rebel_quietude on March 31, 2018, 02:20:27 AM
31 Jan 18 - $603,902.29       
28 Feb 18 - $593,932.00       
30 Mar 18 - $588,668.87    

This despite averaging over $3,500 in contributions every month. The high was $611 on 26 January, so all told over $33k drop. I tell myself that means this month's contributions will be more valuable long term. sigh.
Title: Re: Race from 500k to 1M!
Post by: SCUBAstache on March 31, 2018, 10:23:09 AM
End of March clocking in at 839k. With 3 paychecks, and a tax return of around 1.5 pay checks, I was excited to reach 850k this month. But the market had other plans. Womp womp. My total assets are still a tad above 1MM which is pretty cool - though I think my home value is a bit inflated at the moment.

February 2018: 827k
January 2018: 831k
December 2017: 812k
December 2016: 650k
December 2015: 487k
December 2014: 412k
December 2013: 350k
Title: Re: Race from 500k to 1M!
Post by: YellowCat on April 01, 2018, 06:50:21 AM
Jan 2017: $444,411
Feb 2017: $466,365 (+$21,954)
Mar 2017: $473,859 (+$7,494)
Apr 2017: $496,610 (+$22,751)
May 2017: $509,180 (+$12,570)
Jun 2017: $522,280 (+$13,100)
Jul 2017: $539,829 (+$17,549)
Aug 2017: $547,156 (+$7,327)
Sept 2017: $568,755 (+$21,599)
Oct 2017: $588,681 (+$19,926)
Nov 2017: $612,643 (+$23,962)
Dec 2017: $628,029 (+$15,386)
Jan 2018: $664,203 (+$36,174)
Feb 2018: $662,419 (-$1,784)
Mar 2018: 667,963 (+$5,544)

Mostly in a holding pattern right now, not decreasing but not really increasing either. At least it gives us an opportunity to buy some more stocks for cheap(er)...We're still ~$40k above where we stood on December 31, 2017, so it's certainly not all bad.
Title: Re: Race from 500k to 1M!
Post by: skip207 on April 01, 2018, 10:16:55 AM
01/01/17 £374668
01/01/18 £497097
01/02/18 £500655
01/03/18 £497804
01/04/18 £492551

Ouch.

Thats with input too!
Title: Re: Race from 500k to 1M!
Post by: skip207 on April 01, 2018, 10:17:26 AM
Will give it a couple more months if I cant crawl back into the 500k then I will drop back to the old thread.
Title: Re: Race from 500k to 1M!
Post by: fiStressRelief on April 01, 2018, 11:57:05 AM

1/1/18   - 633k / 1000k
2/1/18   - 668k / 1034k
3/1/18   - 660k / 1028k


4/1/18   - 665k / 1032k

Higher than normal side gig income the last couple months has offset some of the market decline.  Got to keep my head down and keep adding shares.
Title: Re: Race from 500k to 1M!
Post by: formerlydivorcedmom on April 02, 2018, 07:29:35 AM
                   Invested/Overall NW
End of 2012: 170k / 200k  *(re)married
End of 2013: 295k / 342k
End of 2014: 338k / 388k
End of 2015: 366k / 428k *June - husband quit work to go back to college full-time
End of 2016: 432k / 545k
End of 2017: 532k / 664k [+83k college funds] * Sep - husband started working part-time; still going to college

end of Jan 2018:  553k / 686k  [+85k college funds]
end of Feb 2018: 545k / 679k   [+86k college funds]
end of Mar 2018: 540k / 675k   [+84k college funds]

March was a smaller decrease than I anticipated.  I'm pleased that we're still over the 500k mark - the original schedule had us hitting that by the end of this year.
Title: Re: Race from 500k to 1M!
Post by: YoungGranny on April 02, 2018, 08:24:19 AM


Dec. 2017: $502k
Jan. 2, 2018: $513.7k
Feb. 5, 2018: $539.9k
Mar. 5, 2018: $543.6k


Apr. 2, 2018: $557.6

Got my bonus this month which is why we ticked up so much even with rocky markets. It was great timing for me since I got to scoop up more shares  for less. We've also made some further cuts to our expenses which is helping us ramp up savings. Staying the course and the future still looks bright =]
Title: Re: Race from 500k to 1M!
Post by: OurTown on April 02, 2018, 08:28:26 AM
We are still making progress.  We are buying more shares every month. 
Title: Re: Race from 500k to 1M!
Post by: ScottsdaleSaver on April 02, 2018, 09:57:13 AM
3/2018 Update - $756K; $222K in home equity, $5K in cash, remainder in investments. It's refreshing to see we're actually up in total over last quarter, although about half of it is home appreciation, which I consider total funny money as we have no plans to sell any time soon.

12/2017 Update - We hit a big milestone this quarter - over $500K in investments!
Current totals - $719K; $194K in home equity, $5K in cash, remainder in investments

9/2017 Update - $670K; $187K in home equity, $10K in cash, remainder in investments

Somewhat embarrassingly, I didn't starting keeping close tabs on my net worth until finding MMM this year. Thankfully, I didn't muck it up too bad up to this point, but I'm hoping to do even better now that I know better! So, let's start here...

6/2017 - $630K; ~$180K in home equity, ~$10K in cash, remainder in investments
Title: Re: Race from 500k to 1M!
Post by: TheAnonOne on April 02, 2018, 10:36:48 AM
Returning to update . . .

2015 DEC:252k<- Crossed 250k
--
2016 JAN:260k(+8k)
2016 FEB:281k(+21k)
2016 MAR:285k(+4k)
2016 APR:298k(+13k)
2016 MAY:305k(+7k)
2016 JUN:307k(+2k)
2016 JUL:320k(+13k)
2016 AUG:326k(+6k)
2016 SEP:336k(+10k)
2016 OCT:337k(+1k)
2016 NOV:361k(+24k)
2016 DEC:368k(+7k)
--
2017 JAN:382k(+14k)
2017 FEB:403k(+21k)
2017 MAR:416k(+13k)
2017 APR:427k(+11k)
2017 MAY:436k(+9k)
2017 JUN:449k(+13k)
2017 JUL:464k(+15k)
2017 AUG:478k(+14k)
2017 SEPT:494k(+16k)
2017 OCT:510k(+16k) <- Crossed 500k
2017 NOV:523k(+13k)
2017 DEC:534k(+11k)
--
2018 JAN:558k(+24k)
2018 FEB:569k(+11k)
2018 MAR:560k(-9k)


First down month since I have been tracking! Even with a triple paycheck from my wife and a really good month on my part, we still lost $9,000 in paper value. (Meaning we must be down something like $22-25k in the stash)

Oh well! That's what I get for 100% VTSAX! This is pretty fun actually.
Title: Re: Race from 500k to 1M!
Post by: BluePhoenix75 on April 02, 2018, 11:43:36 AM
Our Stash:
1/2018 - $565,049
2/2018 - $560,628
3/2018 - $573,526

We're focused heavily on debt elimination this year so I've been tracking that number more closely.  Especially since recent market volatility has certainly made frequent NW tracking less sexy!  Nevertheless, I will persist. :)
Title: Re: Race from 500k to 1M!
Post by: mynewchoice on April 02, 2018, 01:15:11 PM
This year I thought I'd change up my updates to give me more of a historical snapshot and monitor my year over year increase as well.  Tracking my liquid investments only and looking to close the gap on $1MM this year with a stretch goal to actually reach it if all goes well!

YOY Increase     2018           2017           2016
+164k01/01/18   710k01/01/17   546k01/01/16   461k
+188k02/01/18   748k02/01/17   560k02/01/16   436k
+140k03/01/18   722k03/01/17   582k03/01/16   450k
+132k04/01/18   726k04/01/17   594k04/01/16   481k
05/01/18   05/01/17   603k05/01/16   481k
06/01/18   06/01/17   617k06/01/16   496k
07/01/18   07/01/17   620k07/01/16   492k
08/01/18   08/01/17   633k08/01/16   518k
09/01/18   09/01/17   640k09/01/16   526k
10/01/18   10/01/17   660k10/01/16   523k
11/01/18   11/01/17   678k11/01/16   509k
12/01/18   12/01/17   699k12/01/16   531k

Small increase from last month; income will be taking a dip moving forward as my wife has turned in her two weeks notice at her job to tend to some family matters that will make working difficult, but we have already been focusing on cutting back on some expenses this year so that will help.  I also have a job change on the horizon so things are changing quite a bit right now.
Title: Re: Race from 500k to 1M!
Post by: salt cured on April 02, 2018, 06:34:13 PM
Top is in?

Aug17:$488k
Sep17:$507k
Oct17:$526k
Nov17:$546k
Dec17:$566k
Jan18:$612k
Feb18:$603k
Mar18:$599k
Title: Re: Race from 500k to 1M!
Post by: Trifele on April 03, 2018, 06:57:24 AM
Another down month, though not as bad as the last.  Monthly update, including only investments (not house equity or 529 accounts):

               Invested (+/-)
5/1/17 --    $631k     
6/1/17 --    $647k (+$16k)     
7/1/17 --    $655k (+$8k)   
8/1/17 --    $665k (+$10k)   
9/1/17 --    $672k (+$7k)   
10/1/17 --  $684k (+$12k)   
11/1/17 --  $702k (+$18k)
12/1/17 --  $724k (+$22k)
1/1/18  --   $731k (+$7k)
2/1/18  --   $761k (+$30k)
3/1/18  --   $737k (-$24k)
4/1/18 --    $731k (-$6k)
Title: Re: Race from 500k to 1M!
Post by: caracarn on April 03, 2018, 08:11:53 AM
Here's my progress thus far:

1/1/2015 - $319,018
3/31/2015 - $358,647
6/30/2015 - $350,887
9/30/2015 - $329,044
12/31/2015 - $340,246
3/31/2016 - $390,030
6/30/2016 - $408.983
9/1/2016 - $447,834
12/31/2016 - $459,043
3/31/2017 - $509,618
6/30/2017 - $520,691
9/30/17 - $553,269
12/31/17 - $557,941
3/31/18 - $583,773

Still good movement.  First year I was eligible for profit sharing at my company since I joined, so that added a bit over $6K to the stash (though only 20% vested so not sure if I should take that out?)  Also annual bonus gets in during this past quarter so even though market was stagnant got a good bump from contributions and extras.  Portfolio gains only about $3K for the 90 day stretch.
Title: Re: Race from 500k to 1M!
Post by: kapnfriday on April 03, 2018, 08:19:34 AM
Invested assets:
12-2017: $510,037
1-2018: $539,718 (+29.6k)
2-2018: $514,481 (-25.2K)
3-2018: $511,273 (-3.2k)

Happy that I still meet the minimum qualifications for this thread.
Title: Re: Race from 500k to 1M!
Post by: Bergal on April 03, 2018, 04:22:16 PM
Adding April 1 numbers

                     Invested/Cash    Total NW
End of 2015  $513k                $752k
End of 2016  $574k                $820k                   
10/1/17        $670k                $921k
11/1/17        $679k                $931k
12/1/17        $693k                $944k
1/1/18          $701K                $954k
2/1/18          $730k                $993k
3/1/18          $708k                $972k
4/1/18          $710k                $974k
Title: Re: Race from 500k to 1M!
Post by: Zoot on April 04, 2018, 02:37:10 PM
First day of a new month--time for another update!  :)

MonthLiquidNet Worth
Jan-17
$604K
$883K
Feb-17$622K$905K
Mar-17$651K$930K
Apr-17$660K$939K
May-17$675K$954K
Jun-17$694K$967K
Jul-17$717K$991K
Aug-17$721K$1,000K
Sep-17$738K$1,007K
Oct-17$762K$1,033K
Nov-17$782K$1,055K
Dec-17$796K$1,058K
Jan-18$836K$1,095K
Feb-18$823K$1,083K
Mar-18$812K$1,081K

Another rough month; overall net worth was boosted by the addition of the $5K to the value of our house in our balance sheet, and we made our usual retirement account contributions and accrued the usual company match, but still pretty brutal.  Still, NW is up roughly 16% over this time last year; I'll take it!

Onward!

(posting also in the $1M to $2M thread for net worth)
Title: Re: Race from 500k to 1M!
Post by: G-Cool on April 04, 2018, 06:25:56 PM
Money added to the stash is cancelled by market losses... Still meeting criterias to be part of this thread though!

2/1/2018 : $502k Inv. / $627k NW
3/1/2018 : $498k Inv. / $626k NW
4/1/2018 : $503k Inv. / $630k NW
Title: Re: Race from 500k to 1M!
Post by: Trifele on April 05, 2018, 04:29:51 AM
@G-Cool and @kapnfriday and others near the $500k mark -- Please don't go anywhere if your numbers dip below that for a month . . .  It's a normal part of the wealth climb.  Just crack open another beer and hang out. 
Title: Re: Race from 500k to 1M!
Post by: RWD on April 05, 2018, 08:14:55 AM
Quarterly update:

10/1/2017 - 502k
1/1/2018 - 544k
4/1/2018 - 559k
Title: Re: Race from 500k to 1M!
Post by: G-Cool on April 05, 2018, 03:08:35 PM
@G-Cool and @kapnfriday and others near the $500k mark -- Please don't go anywhere if your numbers dip below that for a month . . .  It's a normal part of the wealth climb.  Just crack open another beer and hang out.

You're right, we're not going anywhere until we join the double comma club!
Title: Re: Race from 500k to 1M!
Post by: talltexan on April 10, 2018, 11:50:55 AM
I remember a moment six and a half years ago when my wife installed the mint.com app on her phone and showed me that our family's net worth was $400,000. It freaked me out. The idea that we could have that much money seemed overwhelming to me. When the SP500 had its famous 2011 bear market, we were losing $1,000 a day. Without that damn app, I wouldn't have even known.

Part of that wealth is the fluctuations. All you people who are afraid of falling below $500,000, don't sweat it. Build your risk tolerance muscles!
Title: Re: Race from 500k to 1M!
Post by: asosharp on April 15, 2018, 09:51:13 PM
Today is my monthly tracking day. I'm up (yay) but am sad that my share portfolio is down (boo).
Title: Re: Race from 500k to 1M!
Post by: UnleashHell on April 16, 2018, 05:07:04 AM


Part of that wealth is the fluctuations. All you people who are afraid of falling below $500,000, don't sweat it. Build your risk tolerance muscles!

 i managed that by getting divorced!!!

hows that for risk tolerance.... :D
Title: Re: Race from 500k to 1M!
Post by: Dicey on April 16, 2018, 05:35:13 AM


Part of that wealth is the fluctuations. All you people who are afraid of falling below $500,000, don't sweat it. Build your risk tolerance muscles!

 i managed that by getting divorced!!!

hows that for risk tolerance.... :D
You're rockin' it like a badass.
Title: Re: Race from 500k to 1M!
Post by: UnleashHell on April 16, 2018, 09:57:23 AM


Part of that wealth is the fluctuations. All you people who are afraid of falling below $500,000, don't sweat it. Build your risk tolerance muscles!

 i managed that by getting divorced!!!

hows that for risk tolerance.... :D
You're rockin' it like a badass.

thanks Dicey.
Compared to a divorce the market swings are just small ripples in an ocean.
Title: Re: Race from 500k to 1M!
Post by: kaypinkHH on April 30, 2018, 11:00:59 AM
Hi!
Back at the end of Feb, I jumped ship on the race from 250-500k thread. And then trade wars happened.

I've been patiently waiting for enough of a buffer to build up, but I think I'm confident we are here now.

(Numbers do not include property, just cash and investments)

Aug-2014: 30k

Aug-2016: 65k

Aug-2017: 250k
Sep-2017: 277k
Sept-2017: 290k
Nov-2017: 300k
Dec-2017: 300k
Jan-2018: 499k <- HCOL House sale
Feb-2018: 502k
March-2018: 500k

April-2018: 512k!

Wahoo!

I found an old conversation with MrHH from 2012 (before I found MMM), and commented that "We need to save 75k-100k" before we turned 30.  Feel pretty proud of getting to be 5x that amount.

I also remember setting a goal of saving 200k before having a kid. BabyHH arrives on the scene in a few short weeks, and I guess we exceeded that goal!

Title: Re: Race from 500k to 1M!
Post by: skip207 on April 30, 2018, 12:42:44 PM
01/01/17 £374668
01/01/18 £497097
01/02/18 £500655
01/03/18 £497804
01/04/18 £492551
01/05/18 £503531

Back in the game!
Title: Re: Race from 500k to 1M!
Post by: YoungGranny on April 30, 2018, 12:44:22 PM


Dec. 2017: $502k
Jan. 2, 2018: $513.7k
Feb. 5, 2018: $539.9k
Mar. 5, 2018: $543.6k
Apr. 2, 2018: $557.6



Apr. 30, 2018: $574.5k
Title: Re: Race from 500k to 1M!
Post by: Freedomin5 on May 01, 2018, 04:59:10 AM
Just checked our accounts today and are sitting at around $527K net worth.

Checking in at $554K.

Net worth is currently at $666K.

$682K as of May 1
Title: Re: Race from 500k to 1M!
Post by: salt cured on May 01, 2018, 05:45:36 AM
All good news this month. A modest NW increase, the final payment went to my SO's student loans yesterday (now debt free except for the house), and I had my work contract renewed, so I have another 4 years of work, which is nice.

When I first joined this thread, my most optimistic projections had us reaching $1000k in September 2020. Now, seven months later, we're tracking April 2020.

Aug17:$488k
Sep17:$507k
Oct17:$526k
Nov17:$546k
Dec17:$566k
Jan18:$612k
Feb18:$603k
Mar18:$599k
Apr18:$612k
Title: Re: Race from 500k to 1M!
Post by: tightwaddy on May 01, 2018, 05:53:10 AM
Stash (NW):
April 9, 2016:  $319,737
April 16, 2017: $379,833

March 8, 2018: $500,818
March 30, 2018: $505,467 ($924,670)
April 1, 2018:  $510,215 ($937,731)
Title: Re: Race from 500k to 1M!
Post by: Trifele on May 01, 2018, 06:20:02 AM
Monthly check in -- Counting only liquid stash, not house or 529 college savings accounts:

               Invested (+/-)
5/1/17 --    $631k     
6/1/17 --    $647k (+$16k)     
7/1/17 --    $655k (+$8k)   
8/1/17 --    $665k (+$10k)   
9/1/17 --    $672k (+$7k)   
10/1/17 --  $684k (+$12k)   
11/1/17 --  $702k (+$18k)
12/1/17 --  $724k (+$22k)
1/1/18  --   $731k (+$7k)
2/1/18  --   $761k (+$30k)
3/1/18  --   $737k (-$24k)
4/1/18 --    $731k (-$6k)
5/1/18 --    $738k (+$7k)
Title: Re: Race from 500k to 1M!
Post by: Roots&Wings on May 01, 2018, 06:45:09 AM
Another annual update:

April 2016: $500k -----> saved $54.8k (~75% of income), 90/10 allocation
April 2017: $651k -----> saved $53.4k (~73% income), 60/40 allocation
April 2018: $777k

My investment risk tolerance has shifted over past couple years with political situation, and resulting lower returns last year. Now at 80/20 allocation.
Title: Re: Race from 500k to 1M!
Post by: OurTown on May 01, 2018, 07:31:23 AM
1/1/15 = $266
2/1/15 = $269
3/1/15 = $278
4/1/15 = $280
5/1/15 = $284
6/1/15 = $295
7/1/15 = $298
8/1/15 = $338
9/1/15 = $335
10/1/15 = $339
11/1/15 = $357
12/1/15 = $365

1/1/16 = $374
2/1/16 = $373
3/1/16 = $379
4/1/16 = $391
5/1/16 = $398
6/1/16 = $406
7/1/16 = $415
8/1/16 = $426
9/1/16 = $424
10/1/16 = $427
11/1/16 = $428
12/1/16 = $438

1/1/17 = $461
2/1/17 = $471
3/1/17 = $482
4/1/17 = $479
5/1/17 = $492
6/1/17 = $500
7/1/17 = $508
8/1/17 = $518
9/1/17 = $523
10/1/17 = $543
11/1/17 = $550
12/1/17 = $558

1/1/18 = $580
2/1/18 = $593
3/1/18 = $589
4/1/18 = $587
5/1/18 = $603
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on May 01, 2018, 07:37:18 AM
Herewith the April totals:

                LNW      TNW
Jan 2018 - 846K  /  987K 
Feb 2018 - 880K  /  1.02M     
Mar 2018 -  859K /  1.00M
Apr 2018 -  855K /  996K 
May 2018 - 856K /  999K   

Well, moving in the right direction at least.  April was an expensive month due to fed + state taxes, LLC renewals, and auto insurance premiums all taking a bite.  Under the circumstances, I guess I'm not unhappy with the tally. 
Title: Re: Race from 500k to 1M!
Post by: TheAnonOne on May 01, 2018, 07:41:44 AM
Returning to update . . .

2015 DEC:252k<- Crossed 250k
--
2016 JAN:260k(+8k)
2016 FEB:281k(+21k)
2016 MAR:285k(+4k)
2016 APR:298k(+13k)
2016 MAY:305k(+7k)
2016 JUN:307k(+2k)
2016 JUL:320k(+13k)
2016 AUG:326k(+6k)
2016 SEP:336k(+10k)
2016 OCT:337k(+1k)
2016 NOV:361k(+24k)
2016 DEC:368k(+7k)
--
2017 JAN:382k(+14k)
2017 FEB:403k(+21k)
2017 MAR:416k(+13k)
2017 APR:427k(+11k)
2017 MAY:436k(+9k)
2017 JUN:449k(+13k)
2017 JUL:464k(+15k)
2017 AUG:478k(+14k)
2017 SEPT:494k(+16k)
2017 OCT:510k(+16k) <- Crossed 500k
2017 NOV:523k(+13k)
2017 DEC:534k(+11k)
--
2018 JAN:558k(+24k)
2018 FEB:569k(+11k)
2018 MAR:560k(-9k)
2018 APR:574k(+14k) (+5k into new highs)
Title: Re: Race from 500k to 1M!
Post by: fiStressRelief on May 01, 2018, 10:32:56 AM

1/1/18   - 633k / 1000k
2/1/18   - 668k / 1034k
3/1/18   - 660k / 1028k
4/1/18   - 665k / 1032k


5/1/18   - 673k / 1037k

Feels like it's moving slow, but at least it's still moving in the right direction.  We had a lot of travel expenses this months for some trips through the end of the year that limited progress as well.
Title: Re: Race from 500k to 1M!
Post by: mynewchoice on May 01, 2018, 02:18:08 PM
While I don't report on TNW in this thread, this month we officially hit the two comma club on TNW!  It feels a little anticlimactic but maybe that is because I really don't pay too much attention to TNW as I discount home equity.  The below update is tracking my liquid investments only and looking to close the gap on $1MM this year with a stretch goal to actually reach it if all goes well!

YOY Increase     2018           2017           2016
+164k01/01/18   710k01/01/17   546k01/01/16   461k
+188k02/01/18   748k02/01/17   560k02/01/16   436k
+140k03/01/18   722k03/01/17   582k03/01/16   450k
+132k04/01/18   726k04/01/17   594k04/01/16   481k
+202k05/01/18   805k05/01/17   603k05/01/16   481k
06/01/18   06/01/17   617k06/01/16   496k
07/01/18   07/01/17   620k07/01/16   492k
08/01/18   08/01/17   633k08/01/16   518k
09/01/18   09/01/17   640k09/01/16   526k
10/01/18   10/01/17   660k10/01/16   523k
11/01/18   11/01/17   678k11/01/16   509k
12/01/18   12/01/17   699k12/01/16   531k

We had a nice jump due to a lump sum payment that was received, and over the next two months we will have two more (although not nearly as nice as the one received this past month).  Income has dipped as my wife has taken a leave from work and I am changing jobs with a few weeks off.  Without the lump sum, we would have had a very modest increase over last month.
Title: Re: Race from 500k to 1M!
Post by: SCUBAstache on May 01, 2018, 04:11:56 PM
This month went just barely over 850k a few times but settled at 847k. What a tease.

March 2018: 839k
February 2018: 827k
January 2018: 831k
December 2017: 812k
December 2016: 650k
December 2015: 487k
December 2014: 412k
December 2013: 350k
Title: Re: Race from 500k to 1M!
Post by: Bergal on May 01, 2018, 04:15:09 PM
In a holding pattern this month.  I owed a lot of money on taxes, so my savings went down quite a bit.  But I had the money and still have savings so I'll take it! 


                    Invested/Cash    Total NW
End of 2015  $513k                $752k
End of 2016  $574k                $820k                   
10/1/17        $670k                $921k
11/1/17        $679k                $931k
12/1/17        $693k                $944k
1/1/18          $701K                $954k
2/1/18          $730k                $993k
3/1/18          $708k                $972k
4/1/18          $710k                $974k
5/1/18          $710K                $974k
Title: Re: Race from 500k to 1M!
Post by: YellowCat on May 01, 2018, 05:20:12 PM
Jan 2017: $444,411
Feb 2017: $466,365 (+$21,954)
Mar 2017: $473,859 (+$7,494)
Apr 2017: $496,610 (+$22,751)
May 2017: $509,180 (+$12,570)
Jun 2017: $522,280 (+$13,100)
Jul 2017: $539,829 (+$17,549)
Aug 2017: $547,156 (+$7,327)
Sept 2017: $568,755 (+$21,599)
Oct 2017: $588,681 (+$19,926)
Nov 2017: $612,643 (+$23,962)
Dec 2017: $628,029 (+$15,386)
Jan 2018: $664,203 (+$36,174)
Feb 2018: $662,419 (-$1,784)
Mar 2018: $667,963 (+$5,544)
Apr 2018: $687,251 (+$19,288)

Aiming for $700k by end of May :)
Title: Re: Race from 500k to 1M!
Post by: FireHiker on May 01, 2018, 05:35:45 PM
               Stash           Total NW including home equity
3/28/17:   667k           1.208M
4/28/17:   704k           1.193M
5/25/17:   716k           1.244M
6/27/17:   734k           1.284M
7/24/17:   752k           1.287M
8/24/17:   753k           1.303M
9/28/17:   783k           1.384M
10/31/17: 800k           1.411M
11/27/17: 821k           1.432M
12/26/17: 844k           1.452M
1/25/18:   890K           1.511M
2/27/18:   876k           1.512M
3/29/18:   854k           1.515M
5/1/18:     871k           1.542M

Investments still aren't back to where they were in February (almost!) but our home value has rocketed up another 50k this year. And, THAT is why I track them separately and don't consider us to be over 1M until it doesn't included the home equity...we can't move yet anyway.
Title: Re: Race from 500k to 1M!
Post by: Trifele on May 02, 2018, 05:03:20 AM
Investments still aren't back to where they were in February (almost!) but our home value has rocketed up another 50k this year. And, THAT is why I track them separately and don't consider us to be over 1M until it doesn't included the home equity...we can't move yet anyway.

Same here FireHiker -- our home equity is kind of crazy, so I am sticking around here until liquid assets cross a million . . . I also carve out our 529 plans and don't count those, as they are earmarked for something other than retirement.
Title: Re: Race from 500k to 1M!
Post by: formerlydivorcedmom on May 02, 2018, 08:09:49 AM
The new house appraisal has us up about $9k, but we had a lot of medical bills last month that meant we drained one of the HSAs.  I'm hoping to get reimbursed for some of that.

                   Invested/Overall NW
End of 2012: 170k / 200k  *(re)married
End of 2013: 295k / 342k
End of 2014: 338k / 388k
End of 2015: 366k / 428k *June - husband quit work to go back to college full-time
End of 2016: 432k / 545k
End of 2017: 532k / 664k [+83k college funds] * Sep - husband started working part-time; still going to college

end of Jan 2018:  553k / 686k  [+85k college funds]
end of Feb 2018: 545k / 679k   [+86k college funds]
end of Mar 2018: 540k / 675k   [+84k college funds]
end of Apr 2018: 548k / 689k    [+85k college funds]

Title: Re: Race from 500k to 1M!
Post by: kapnfriday on May 04, 2018, 01:42:04 PM
Invested assets:
12-2017: $510,037
1-2018: $539,718 (+29.6k)
2-2018: $514,481 (-25.2K)
3-2018: $511,273 (-3.2k)
4-2018: $515,153 (+3.8k)

Back to moving in the right direction.

Title: Re: Race from 500k to 1M!
Post by: G-Cool on May 07, 2018, 03:05:47 PM
Good month despite lots of expenses. Big gift from my inlaws helped a lot though!

2/1/2018 : $502k Inv. / $627k NW
3/1/2018 : $498k Inv. / $626k NW
4/1/2018 : $503k Inv. / $630k NW
5/1/2018 : $511k Inv. / $642k NW
Title: Re: Race from 500k to 1M!
Post by: BluePhoenix75 on May 07, 2018, 05:01:27 PM
Updating!

Our Stash:
1/2018 - $565,049
2/2018 - $560,628
3/2018 - $573,526
5/2018 - $601,628
Title: Re: Race from 500k to 1M!
Post by: sisto on May 08, 2018, 02:37:43 PM
Still in this race, but only from an investments/cash perspective.

As of close today sitting just over $891K cash/investments

Still hoping to be on track to hit it by EOY, but the market has not been so cooperative. I'm still throwing money at it though.
Title: Re: Race from 500k to 1M!
Post by: Rife on May 10, 2018, 07:04:40 AM
Joining from the race to 500,000 thread which is based on liquid investments, but will post both since living in Seattle has been good to real estate value lately, but that is more an estimate of what we would get from a sale of our house

May 2018: $502,000 Inv/$852,000 NW
Title: Re: Race from 500k to 1M!
Post by: Phryne on May 12, 2018, 12:44:00 AM
Also joining in on this race, but hoping to jump ship soon!

Below is our quarterly net worth (excluding our home equity)

Feb 2017        $880k
May 2017       $919k
Aug 2018        $918k
Nov 2017        $963k (my annual bonus is paid in Sept)
Feb 2018        $979k

May 2018 MTD $993k

Even if the market stays flat from here we should see an increase before EOM, but it’s going to take some luck to find another $7k of savings in less than 3 weeks...
Title: Re: Race from 500k to 1M!
Post by: Trifele on May 12, 2018, 05:29:02 AM
Welcome aboard @Rife !  Well done on the last thread.

Welcome @Phryne -- though it looks like you won't be here long!  :) 

Title: Re: Race from 500k to 1M!
Post by: Chairman on May 16, 2018, 12:37:40 AM
Joining the club.

...

Not sure when/if I'll get to 1m; may semi-FIRE before then.
...

If the market were to stay flat, would probably hit 1m investible around 6 months from now.
Quarterly update, November 2017:

....

Not declaring victory yet though until I have 1m investible and no debt to the bank.
Quarterly update, February 2018:

...

So, net worth hits $1.5m for the first time (up $530k YoY), and now we're above $1.1m in liquid/investible assets (up $388k YoY). Currently $23k away from having enough to pay off all debt (gap closed by $485k YoY, debt down $97k YoY) and still have $1m liquid/investible. Once I have that, I'll be ready to declare victory (and graduation from this thread).
Title: Re: Race from 500k to 1M!
Post by: boarder42 on May 16, 2018, 11:52:48 AM
Crossed 900k total NW a few days ago.  getting really close to the NW goal.  will stick around until the invested gets there.
Title: Re: Race from 500k to 1M!
Post by: Arbitrage on May 17, 2018, 11:41:06 AM
Well, I'm in the $1M to 2M race thread for total NW, but I think I'll join this thread for my liquid NW. 

1/1/16: $455k / 675k
1/1/17: $555k / 822k
1/1/18: $735k / 1.071M
5/17/18: $765k / 1.112M

Dang, that's not much progress this year despite upping my savings rate.  Must grow faster.
Title: Re: Race from 500k to 1M!
Post by: Phryne on May 18, 2018, 06:02:35 PM
Welcome aboard @Rife !  Well done on the last thread.

Welcome @Phryne -- though it looks like you won't be here long!  :)

Thanks Trifele!

$995k May MTD with 12 days and 1 pay day to go this month. I’m not checking every day... really...!
Title: Re: Race from 500k to 1M!
Post by: Freedomin5 on May 28, 2018, 07:25:14 AM

Oct 2017: 527k
Jan 2018: 554k
Mar 2018: 666k (updated value of rental property)
Apr 2018: 682k
May 2018: 694k

Can’t wait to break 700k. Will do so by the end of June.
Title: Re: Race from 500k to 1M!
Post by: Zamboni on May 28, 2018, 02:58:10 PM
I've been a slacker on tracking this out of self preservation. My ex-other half remains unemployed (passing all child-related costs we are supposed to split evenly solely to me), and I've paid for 2 international trips for 2 people in the past couple of months, yet somehow, if one ignores the insane market blip that was January, I'm not losing ground. Looking forward to seeing the year-over-year numbers come August! :-)

Numbers for end of month:
Month Year: Investments
June 2017: 504K
July 2017: 523K
Add in home value - debts; net worth as second number:
Aug 2017: 533K / 666K
Sep 2017: 539K / 679K
Oct 2017: 551K / 698K
Nov 2017: 561K / 711K
Dec 2017: 569K / 724K
Jan 2018: 589K / 751K
Feb 2018: 577K / 741K
May 2018: 585K / 744K
Title: Re: Race from 500k to 1M!
Post by: tightwaddy on May 31, 2018, 05:29:55 AM
Stash (NW):
April 9, 2016:  $319,737
April 16, 2017: $379,833

March 8, 2018: $500,818
March 30, 2018: $505,467 ($924,670)
April 30, 2018:  $510,215 ($937,731)
May 31, 2018: $514,410 ($950,830)

Shash includes cash on hand, and we just gave $10K to a family member as a gift so not the growth I was hoping for this month, but better than a decline. Using Zillow for home equity and pay little attention to the fluctuations although the market is pretty hot where I am.
Title: Re: Race from 500k to 1M!
Post by: skip207 on June 01, 2018, 01:50:38 AM
01/01/17 £374668
01/01/18 £497097
01/02/18 £500655
01/03/18 £497804
01/04/18 £492551
01/05/18 £503531
01/06/18 £519609

Mid way through the year now.  Only put on £22.5k to the NW this year so far which is disappointing.
I probably contributed about £30-£32k into the stache so an overall loss, even worse if you look at property values etc as they seem to have stalled. 
Hopefully we will see some growth in the later end of the year.  Pension seems to be ticking along ok though this year +5% for first 6mo.  ISAs doing ok +4.5%.
I have reduced my 2018 goal from 600k to 560k.
Title: Re: Race from 500k to 1M!
Post by: Trifele on June 01, 2018, 04:16:03 AM
Monthly check in, counting retirement investments only (no real estate, and no college savings accounts).  Moving up:

               Invested (+/-)
5/1/17 --    $631k     
6/1/17 --    $647k (+$16k)     
7/1/17 --    $655k (+$8k)   
8/1/17 --    $665k (+$10k)   
9/1/17 --    $672k (+$7k)   
10/1/17 --  $684k (+$12k)   
11/1/17 --  $702k (+$18k)
12/1/17 --  $724k (+$22k)
1/1/18  --   $731k (+$7k)
2/1/18  --   $761k (+$30k)
3/1/18  --   $737k (-$24k)
4/1/18 --    $731k (-$6k)
5/1/18 --    $738k (+$7k)
6/1/18 --    $747k (+$9k)

May was an absolute bloodbath of spending for us ($7000 on medical issues +$600 planned, kid's camp fees).   Our increase this month was almost entirely market movement.
Title: Re: Race from 500k to 1M!
Post by: salt cured on June 01, 2018, 06:38:05 AM
Nice increase in May. June should be even better because it’s a high income month.

Aug17:$488k
Sep17:$507k
Oct17:$526k
Nov17:$546k
Dec17:$566k
Jan18:$612k
Feb18:$603k
Mar18:$599k
Apr18:$612k
May18:$630k
Title: Re: Race from 500k to 1M!
Post by: OurTown on June 01, 2018, 07:27:38 AM
Will post an update tomorrow after wife's 457 contributions post.  During June of 2018 I anticipate 1) taking on a $2,900 debt for a tooth implant and 2) blowing about $3,000 on new rings for our anniversary.  That will likely make June a flat month at best.       
Title: Re: Race from 500k to 1M!
Post by: formerlydivorcedmom on June 01, 2018, 10:29:08 AM
Our investments finally climbed back higher than the end-of-February numbers!  We have had about 12k in unexpected expenses so far this year - medical and legal - which drained one of the HSAs and the cash accounts, so I'm really glad to see we aren't getting too far off track.

If I take out the 10k in catastrophic-these-won't-ever-repeat-for-sure expenses, then our spending is averaging about $550/month less than last year! 
 
                 Invested/Overall NW
End of 2012: 170k / 200k  *(re)married
End of 2013: 295k / 342k
End of 2014: 338k / 388k
End of 2015: 366k / 428k *June - husband quit work to go back to college full-time
End of 2016: 432k / 545k
End of 2017: 532k / 664k [+83k college funds] * Sep - husband started working part-time; still going to college

end of Jan 2018:  553k / 686k  [+85k college funds]
end of Feb 2018: 545k / 679k   [+86k college funds]
end of Mar 2018: 538k / 671k   [+84k college funds]
end of Apr 2018: 537k / 677k    [+85k college funds] *house appraised at +9k
end of May 2018: 548k / 691k   [+86k college funds]
Title: Re: Race from 500k to 1M!
Post by: mynewchoice on June 01, 2018, 05:16:49 PM
YOY Increase     2018           2017           2016
+164k01/01/18   710k01/01/17   546k01/01/16   461k
+188k02/01/18   748k02/01/17   560k02/01/16   436k
+140k03/01/18   722k03/01/17   582k03/01/16   450k
+132k04/01/18   726k04/01/17   594k04/01/16   481k
+202k05/01/18   805k05/01/17   603k05/01/16   481k
+204k06/01/18   821k06/01/17   617k06/01/16   496k
07/01/18   07/01/17   620k07/01/16   492k
08/01/18   08/01/17   633k08/01/16   518k
09/01/18   09/01/17   640k09/01/16   526k
10/01/18   10/01/17   660k10/01/16   523k
11/01/18   11/01/17   678k11/01/16   509k
12/01/18   12/01/17   699k12/01/16   531k

I am expecting a nice increase in June due to two lump sum payments, and my wife has decided to go back to work so we will have more money to stash into savings. It was nice enjoying some time while we were both off work / in between jobs, but I like seeing the income go back up.

It is a month after hitting the two comma club on TNW, yet it still doesn't feel all that impressive to me. I am hoping when we hit that level with the liquid investments here that it feels a little more exciting haha. I'm still holding out hope that I might hit the target before the end of the year, but it will in large part depend on how the market behaves.
Title: Re: Race from 500k to 1M!
Post by: OurTown on June 02, 2018, 04:13:31 AM
1/1/15 = $266
2/1/15 = $269
3/1/15 = $278
4/1/15 = $280
5/1/15 = $284
6/1/15 = $295
7/1/15 = $298
8/1/15 = $338
9/1/15 = $335
10/1/15 = $339
11/1/15 = $357
12/1/15 = $365

1/1/16 = $374
2/1/16 = $373
3/1/16 = $379
4/1/16 = $391
5/1/16 = $398
6/1/16 = $406
7/1/16 = $415
8/1/16 = $426
9/1/16 = $424
10/1/16 = $427
11/1/16 = $428
12/1/16 = $438

1/1/17 = $461
2/1/17 = $471
3/1/17 = $482
4/1/17 = $479
5/1/17 = $492
6/1/17 = $500
7/1/17 = $508
8/1/17 = $518
9/1/17 = $523
10/1/17 = $543
11/1/17 = $550
12/1/17 = $558

1/1/18 = $580
2/1/18 = $593
3/1/18 = $589
4/1/18 = $587
5/1/18 = $603
6/1/18 = $617
Title: Re: Race from 500k to 1M!
Post by: YellowCat on June 02, 2018, 05:29:02 AM
Jan 2017: $444,411
Feb 2017: $466,365 (+$21,954)
Mar 2017: $473,859 (+$7,494)
Apr 2017: $496,610 (+$22,751)
May 2017: $509,180 (+$12,570)
Jun 2017: $522,280 (+$13,100)
Jul 2017: $539,829 (+$17,549)
Aug 2017: $547,156 (+$7,327)
Sept 2017: $568,755 (+$21,599)
Oct 2017: $588,681 (+$19,926)
Nov 2017: $612,643 (+$23,962)
Dec 2017: $628,029 (+$15,386)
Jan 2018: $664,203 (+$36,174)
Feb 2018: $662,419 (-$1,784)
Mar 2018: $667,963 (+$5,544)
Apr 2018: $687,251 (+$19,288)
May 2018: $713,039 (+25,788)

A very respectable increase in May, despite a pretty spendy month overall. The 9-day vacation we took was 100% worth it, however! I'm revising my end of year NW goal to 820k. Here's hoping the market can get us there...
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on June 02, 2018, 01:12:45 PM
Closed the books on May, so here's the update:

                LNW      TNW
Jan 2018 -  846K  /  987K 
Feb 2018 -  880K / 1.02M     
Mar 2018 -  859K / 1.00M
Apr 2018 -  855K /   996K 
May 2018 - 856K /   999K   
Jun 2018  - 875K / 1.02M

Moving in the right direction in the second quarter. 

Title: Re: Race from 500k to 1M!
Post by: Phryne on June 03, 2018, 06:41:47 PM
Also joining in on this race, but hoping to jump ship soon!

Below is our quarterly net worth (excluding our home equity)

Feb 2017        $880k
May 2017       $919k
Aug 2018        $918k
Nov 2017        $963k (my annual bonus is paid in Sept)
Feb 2018        $979k

May 2018 MTD $993k

Even if the market stays flat from here we should see an increase before EOM, but it’s going to take some luck to find another $7k of savings in less than 3 weeks...

May 2018 numbers are in:

Feb 2017        $880k
May 2017       $919k
Aug 2018        $918k
Nov 2017        $963k
Feb 2018        $979k
May 2018       $991k

Lower than I had hoped as banks shares in particular have plummeted in the last couple of weeks thanks to the royal commission highlighting pockets of appalling behaviour by some of our banks. And we were in Iceland in March which was crazy expensive (but fabulous!)

Hoping to crack the $1m by the end of July.

Title: Re: Race from 500k to 1M!
Post by: Bergal on June 03, 2018, 08:46:26 PM
Adding numbers for June.  I'm soooo close on total NW ... but still have a ways to go invested/cash. 


                    Invested/Cash    Total NW
End of 2015  $513k                $752k
End of 2016  $574k                $820k                   
10/1/17        $670k                $921k
11/1/17        $679k                $931k
12/1/17        $693k                $944k
1/1/18          $701K                $954k
2/1/18          $730k                $993k
3/1/18          $708k                $972k
4/1/18          $710k                $974k
5/1/18          $710K                $974k
6/1/18          $725K                $990k
Title: Re: Race from 500k to 1M!
Post by: YoungGranny on June 04, 2018, 06:06:31 AM

Dec. 2017: $502k
Jan. 2, 2018: $513.7k
Feb. 5, 2018: $539.9k
Mar. 5, 2018: $543.6k
Apr. 2, 2018: $557.6
Apr. 30, 2018: $574.5k

June 4, 2018: $616.2k

Sold my car for a $13k boost + a gain to investments + an extra $800 this month for a side hustle.

It's a bit crazy to me that we've gone up over $100k since the start of the year! Amazing how good habits and good investments compound over time. Now we're officially over halfway to our FIRE target number which is pretty exciting indeed. Took me 6 years to get here; bet I can get the next half faster =D
Title: Re: Race from 500k to 1M!
Post by: sisto on June 04, 2018, 10:45:24 AM
Still in this race, but only from an investments/cash perspective.

As of close today sitting just over $891K cash/investments

Still hoping to be on track to hit it by EOY, but the market has not been so cooperative. I'm still throwing money at it though.

Sitting at $934.5K right now for cash and investments. I should be in good shape to make my goal of $1M by EOY.
Title: Re: Race from 500k to 1M!
Post by: kaypinkHH on June 04, 2018, 02:06:14 PM
Hi!
Back at the end of Feb, I jumped ship on the race from 250-500k thread. And then trade wars happened.

I've been patiently waiting for enough of a buffer to build up, but I think I'm confident we are here now.

(Numbers do not include property, just cash and investments)

Aug-2014: 30k

Aug-2016: 65k

Aug-2017: 250k
Sep-2017: 277k
Sept-2017: 290k
Nov-2017: 300k
Dec-2017: 300k
Jan-2018: 499k <- HCOL House sale
Feb-2018: 502k
March-2018: 500k

April-2018: 512k!

May-2018: 523.7k
*One of my accounts isn't linking properly to mint, this may be slightly higher but I'm too lazy to check.

I'm now on mat leave, but our investments are really where we are seeing the gains these days, it is exciting when your money starts making more than you do in a month!
Title: Re: Race from 500k to 1M!
Post by: Finntastic on June 04, 2018, 09:56:37 PM
Joining in

6/2018: 597k
Title: Re: Race from 500k to 1M!
Post by: asauer on June 05, 2018, 07:47:08 AM
going up!
Started challenge September 2017: 526K
Feb 1 2018: 613k
March 1 2018: 598K
April 1 2018: 522K
May 1 2018: 592K
June 1 2018: 616k

Hubs also was granted some company stock options June 1st so will add those in once we get the strike price.
Title: Re: Race from 500k to 1M!
Post by: BluePhoenix75 on June 05, 2018, 02:36:44 PM
June update:

Our Stash (NW):
1/2018 - $565,049
2/2018 - $560,628
3/2018 - $573,526
5/2018 - $601,628
6/2018 - $624,739  -  market moves + debt pay down!

Anticipate slower growth over the summer months as debt pay down slows to do home repairs and pay for various summer camps.
Title: Re: Race from 500k to 1M!
Post by: TheAnonOne on June 05, 2018, 02:45:23 PM
Returning to update . . .

2015 DEC:252k<- Crossed 250k
--
2016 JAN:260k(+8k)
2016 FEB:281k(+21k)
2016 MAR:285k(+4k)
2016 APR:298k(+13k)
2016 MAY:305k(+7k)
2016 JUN:307k(+2k)
2016 JUL:320k(+13k)
2016 AUG:326k(+6k)
2016 SEP:336k(+10k)
2016 OCT:337k(+1k)
2016 NOV:361k(+24k)
2016 DEC:368k(+7k)
--
2017 JAN:382k(+14k)
2017 FEB:403k(+21k)
2017 MAR:416k(+13k)
2017 APR:427k(+11k)
2017 MAY:436k(+9k)
2017 JUN:449k(+13k)
2017 JUL:464k(+15k)
2017 AUG:478k(+14k)
2017 SEPT:494k(+16k)
2017 OCT:510k(+16k) <- Crossed 500k
2017 NOV:523k(+13k)
2017 DEC:534k(+11k)
--
2018 JAN:558k(+24k)
2018 FEB:569k(+11k)
2018 MAR:560k(-9k)
2018 APR:574k(+14k/+5k)
2018 MAY:580k(+6k)

Title: Re: Race from 500k to 1M!
Post by: mtnman125 on June 07, 2018, 09:50:56 AM
Finally get to join this thread as of 6/6/18, after getting close at January's peak.

Invested assets: $502k

Halfway there....
Title: Re: Race from 500k to 1M!
Post by: rebel_quietude on June 07, 2018, 10:04:49 AM
Well, after a volatile winter/ spring, I'm happy that NW seems solidly over the 600k mark.

Liquid this morning shows $624k, and I'm closing on selling my house next week. Here's hoping I make 2018's NW increase goal in June!

Happy to be transitioning from the $500k race!

NW shows $513,000 as of this morning. Past glimpse:

2011: $167,933
2012: $208,846
2013: $308,056 (no expenses, gross income went to investments that year)
2014: $358,723
2015: $371,371
2016: $457,543
June 2017: $513,000
June 2018: $624,000

Title: Re: Race from 500k to 1M!
Post by: Icecreamarsenal on June 09, 2018, 05:51:09 AM
1/15: 88k
2/15: 96k
3/15: 100k
4/15: 115k
5/15: 125k
6/15: 135k
7/15: 144k
8/15: 161k
9/15: 172k
10/15: 186k
11/15: 181k
12/15: 203k
1/16: 297k
2/16: 314k
3/16: 329k
4/16: 344k
5/16: 344k
6/16: 344k
7/16: 345k
8/16: 357k
9/16: 366k
10/16: 380k
11/16: 395k
12/16: 397k
01/17: 320k
02/17: 327k
03/17: 423k
06/17: 525k
09/17: 544k
06/18: 736k
Title: Re: Race from 500k to 1M!
Post by: Zamboni on June 09, 2018, 06:25:42 AM
Welcome Finntastic, mtnman125 and other newcomers!


(https://tickers.TickerFactory.com/ezt/d/4;10501;125/st/20181215/e/Sabbatical%21/k/6f12/event.png)
 (https://www.TickerFactory.com/)
Title: Re: Race from 500k to 1M!
Post by: 2Birds1Stone on June 09, 2018, 06:26:22 AM
Wowza! I'm just going to post here today since the markets can crash and burn before the end of June.

1/1/2012 - $30,000
1/1/2013 - $41,000
1/1/2014 - $60,000
1/1/2015 - $82,000
1/1/2016 - $140,000
1/1/2017 - $256,000

01/01/18 - $361,700
02/01/18 - $375,000
03/01/18 - $376,900
04/01/18 - $378,000
05/01/18 - $384,000
06/01/18 - $402,800

$493k Combined with SO.

06/09/18 - $500k Combined with SO
Title: Re: Race from 500k to 1M!
Post by: Trifele on June 09, 2018, 07:28:10 AM
Welcome @2Birds1Stone!  Come on in.   
Title: Re: Race from 500k to 1M!
Post by: gerardc on June 09, 2018, 02:46:35 PM
Wowza! I'm just going to post here today since the markets can crash and burn before the end of June.

06/09/18 - $500k Combined with SO

Are you trying to time the market with your posts?
Title: Re: Race from 500k to 1M!
Post by: AccidentalMiser on June 09, 2018, 03:22:48 PM
At 995k this morning.  The seventh digit approacheth!!

07/10/2018:  1,001,996.  By coincidence, it’s my eldest son’s 31st birthday!
Title: Re: Race from 500k to 1M!
Post by: NinetyFour on June 09, 2018, 06:52:07 PM
At $926K.

IF the markets stay flat, my income in the next month will put me into the double comma club.  Yes, I know that's a big IF.  :)
Title: Re: Race from 500k to 1M!
Post by: Phryne on June 10, 2018, 05:28:27 AM
At $926K.

IF the markets stay flat, my income in the next month will put me into the double comma club.  Yes, I know that's a big IF.  :)

You’re saving  $74k in a month in income?! Market movement would need to be ugly to make a dint in that. Congrats!!
Title: Re: Race from 500k to 1M!
Post by: skcook on June 11, 2018, 12:43:11 PM
Update!

June 2018 - $634k
May 2018 - $624k
Apr 2018 - $612k
Mar 2018 - $599k
...
Jan 2017 - $410k
Oct 2016 - $370k
Sep 2016 - $330k
Title: Re: Race from 500k to 1M!
Post by: 2Birds1Stone on June 11, 2018, 02:56:14 PM
Wowza! I'm just going to post here today since the markets can crash and burn before the end of June.

06/09/18 - $500k Combined with SO

Are you trying to time the market with your posts?

I sure am =D
Title: Re: Race from 500k to 1M!
Post by: catccc on June 12, 2018, 02:01:58 PM
Original Goals
2016 Ending NW $712K
End of year goals for-
2017: $815K
2018: $945K
2019: $1,075K

Revised Goals
2018: $1,050K
2019: $1,210K

Actuals

04/28/2017  $775K
08/31/2017  $824K
12/31/2017  $899K
01/31/2018  $924K
02/28/2018  $922K
03/31/2018  $905K
04/30/2018  $921K
05/31/2018  $947K

Would really love to hit $1M by August (I turn 39)! If it happens it'll be a market based win, we save about $5,350/month.  So savings alone won't get us there.  We are tracking slightly below meeting our year end goal.  No RE, about $85K is kids 529s, all else is investments.


Title: Re: Race from 500k to 1M!
Post by: boarder42 on June 15, 2018, 06:59:18 PM
Invest / total
6/24/16 - 362k / 500k NW
12/1/16 - 404k / 550k NW
1/1/17 - 450k / 600k NW
2/1/17 - 462k / 607k NW
5/1/17 - 514k / 666k NW
6/1/17 - 526k / 673k NW
7/1/17 - 542k / 691k NW
8/1/17 - 557k / 707k NW
11/1/17 - 603k / 753k NW
12/1/17 - 625k / 775k NW
01/1/18 - 651k /805k NW
02/1/18 - 681k / 831k NW
03/1/18 - 660k / 811k NW
6/15/18 - 750k / 950k NW

Getting close decided to take some increases on the house still well under the value I and Zillow think it's worth. Should hit it by my 32 bday in November. Should hit 1MM invested by April next year. Over 1 year and 3 months ahead of my projections.
Title: Re: Race from 500k to 1M!
Post by: monarda on June 15, 2018, 09:26:07 PM
Quote from: monarda
I'll play!

             cash+rental equity       add primary residence equity
1/2016      $507K                              $627K
1/2017      $625K                              $797K

9/2017      $784K                              $904K


1MM dates- very likely sooner.
                3/2021                     12/2018

12/2017    $762K                  $903K  - remodeling primary residence! When project is done, big increase in equity!

3/2018     $725K             $866K - still remodeling. Framing and all exterior done, all bills paid! (to contractors)


6/2018     $763K           $910K    Hmmm. Zillow values for rental properties went way up. Making progress on the remodel.  Plumbing, insulation, electrical done. Just drywall, flooring remains!

1MM dates now   12/2020    2/2019
Title: Re: Race from 500k to 1M!
Post by: Phryne on June 18, 2018, 05:54:34 PM
A new high of $998.1k this morning, so close!!

Hopefully we can reach $1m before we pay $5k for our new solar panels next week.
Title: Re: Race from 500k to 1M!
Post by: Phryne on June 20, 2018, 01:15:51 AM
A new high of $998.1k this morning, so close!!

Hopefully we can reach $1m before we pay $5k for our new solar panels next week.

Snuck over the line today! NW is now $1.004m (plus about $500k of home equity)

Good luck to everyone, thanks for the encouragement- see you in the other thread soon!
Title: Re: Race from 500k to 1M!
Post by: Zamboni on June 20, 2018, 03:28:54 AM
Congrats, @Phryne!
Title: Re: Race from 500k to 1M!
Post by: Freedomin5 on June 20, 2018, 04:48:08 AM
Oct 2017: 527k
Jan 2018: 554k
Mar 2018: 666k (updated value of rental property)
Apr 2018: 682k
May 2018: 694k
Jun 2018: 711k

Yay! Surpassed 700k. Next goal is to hit 727k, which is 200k more than when I joined this thread. Hope to reach that by August or September.
Title: Re: Race from 500k to 1M!
Post by: Trifele on June 20, 2018, 01:33:00 PM
Congrats @Phryne !!
Title: Re: Race from 500k to 1M!
Post by: Phryne on June 23, 2018, 05:29:15 PM
Thanks Trifele & Zamboni!
Title: Re: Race from 500k to 1M!
Post by: Ladychips on June 29, 2018, 06:20:04 AM
Hello all!  I've been following this thread for a long time, but now I'm ready to join.  I'm barely over the $500 mark so may fall below the minimum, but here I am for now.  I don't expect to reach $1 mil in investments before I retire, so I'm going to include net worth just to look more credible! 

       Investments/cash     Net worth

5/18 - $503,164               $742,902
6/18 - $506,463               $747,871
Title: Re: Race from 500k to 1M!
Post by: Trifele on June 29, 2018, 07:58:56 AM
Hello all!  I've been following this thread for a long time, but now I'm ready to join.  I'm barely over the $500 mark so may fall below the minimum, but here I am for now.  I don't expect to reach $1 mil in investments before I retire, so I'm going to include net worth just to look more credible! 

       Investments/cash     Net worth

5/18 - $503,164               $742,902
6/18 - $506,463               $747,871

Welcome @Ladychips!  Come on in.  :)
Title: Re: Race from 500k to 1M!
Post by: salt cured on June 29, 2018, 10:05:51 AM
A good, but not great, month. A week ago, it was looking like we'd be up $100k since 12/31. That milestone will have to wait (knock on wood).

Aug17:$488k
Sep17:$507k
Oct17:$526k
Nov17:$546k
Dec17:$566k
Jan18:$612k
Feb18:$603k
Mar18:$599k
Apr18:$612k
May18:$630k
Jun18:$656k
Title: Re: Race from 500k to 1M!
Post by: letsdoit on June 29, 2018, 10:12:56 AM
Didn't find this one yet, and I keep hearing how the next half-mil goes so much faster! We'll see. Anyone else?

April 2016: 500k

Saving ~75% of income.

at that savings rate it'll move for sure.
our SR is about 44% but I'm hoping the next half-mil goes so much faster too!
Title: Re: Race from 500k to 1M!
Post by: BriarRose111 on June 29, 2018, 02:14:14 PM
I am joining you all on this challenge.   Was eligible January of this year, but had alot of moving parts this year.

Liquid assets / Net worth

Jan 2018 $415.5K / $508K
Jun 2018  $518.8K / $578.4K

So I am early on in this race, just over the $500K mark this year.  Hoping the 2nd 500K goes much faster than the 1st.

(edited for month end)
Title: Re: Race from 500k to 1M!
Post by: Ladychips on June 29, 2018, 04:00:18 PM
Thanks for the welcome Trifele!  BriarRose111, we'll be in it together!!
Title: Re: Race from 500k to 1M!
Post by: BriarRose111 on June 29, 2018, 06:21:31 PM
Ladychips, thanks! Nice to have some company on the journey. :-)
Title: Re: Race from 500k to 1M!
Post by: Arbitrage on June 29, 2018, 06:45:09 PM

Liquid NW / Total NW

1/1/16: $455k / 675k
1/1/17: $555k / 822k
1/1/18: $735k / 1.071M
5/17/18: $765k / 1.112M
6/29/18: $773k / 1.137M

Title: Re: Race from 500k to 1M!
Post by: OurTown on June 30, 2018, 04:33:59 AM
1/1/15 = $266
2/1/15 = $269
3/1/15 = $278
4/1/15 = $280
5/1/15 = $284
6/1/15 = $295
7/1/15 = $298
8/1/15 = $338
9/1/15 = $335
10/1/15 = $339
11/1/15 = $357
12/1/15 = $365

1/1/16 = $374
2/1/16 = $373
3/1/16 = $379
4/1/16 = $391
5/1/16 = $398
6/1/16 = $406
7/1/16 = $415
8/1/16 = $426
9/1/16 = $424
10/1/16 = $427
11/1/16 = $428
12/1/16 = $438

1/1/17 = $461
2/1/17 = $471
3/1/17 = $482
4/1/17 = $479
5/1/17 = $492
6/1/17 = $500
7/1/17 = $508
8/1/17 = $518
9/1/17 = $523
10/1/17 = $543
11/1/17 = $550
12/1/17 = $558

1/1/18 = $580
2/1/18 = $593
3/1/18 = $589
4/1/18 = $587
5/1/18 = $603
6/1/18 = $617
7/1/18 = $612
Title: Re: Race from 500k to 1M!
Post by: Trifele on June 30, 2018, 04:50:37 AM
Monthly check in, counting investment accounts only (not real estate, and not college savings accounts). 

               Invested (+/-)
5/1/17 --    $631k     
6/1/17 --    $647k (+$16k)     
7/1/17 --    $655k (+$8k)   
8/1/17 --    $665k (+$10k)   
9/1/17 --    $672k (+$7k)   
10/1/17 --  $684k (+$12k)   
11/1/17 --  $702k (+$18k)
12/1/17 --  $724k (+$22k)
1/1/18  --   $731k (+$7k)
2/1/18  --   $761k (+$30k)
3/1/18  --   $737k (-$24k)
4/1/18 --    $731k (-$6k)
5/1/18 --    $738k (+$7k)
6/1/18 --    $747k (+$9k)
7/1/18 --    $744k (-$3k)

Pretty flat month.  We are gut-renovating a house, so our cash firehose is mostly pointed at that right now rather than investments.  Accounts are largely just drifting -- rising and falling with the markets.

Title: Re: Race from 500k to 1M!
Post by: tightwaddy on June 30, 2018, 05:23:12 AM
Stash (NW):
April 9, 2016:  $319,737
April 16, 2017: $379,833

March 8, 2018: $500,818
March 30, 2018: $505,467 ($924,670)
April 30, 2018:  $510,215 ($937,731)
May 31, 2018: $514,410 ($950,830)
June 30, 2018 $525,227 ($964,045)
Title: Re: Race from 500k to 1M!
Post by: ToughMother on June 30, 2018, 09:21:15 AM
Net Worth Benchmarks
4/3/14     $430k (start tracking, thx MMM)
9/19/14    $500k
11/6/14    $550k
5/9/15     $600k
4/13/16    $650k
9/7/16     $700k
5/6/17     $750k
9/9/17     $800k
12/15/17   $850k
3/10/18    $900k
6/16/18    $950k

Title: Re: Race from 500k to 1M!
Post by: TempusFugit on June 30, 2018, 10:15:46 AM
                LNW      TNW
Jan 2018 -  846K  /  987K 
Feb 2018 -  880K / 1.02M     
Mar 2018 -  859K / 1.00M
Apr 2018 -  855K /   996K 
May 2018 - 856K /   999K   
Jun 2018  - 875K / 1.02M
Jul  2018  - 887K / 1.03M

S&P is only up 1.67% on the year, so maybe the second half will give us all a little bump to finish strong.  Then again, maybe we're all better off if it stays in the doldrums while we're still buyers... 
Title: Re: Race from 500k to 1M!
Post by: JGS1980 on June 30, 2018, 12:12:00 PM
Jan-16      $257,514.77 (+49,787)
April-16    $277,918.06 (+20,403)
July-16     $306,073.47 (+28,155)
Oct -16     $357,689.04 (+53,415)
Jan -17     $405,710.23 (+48,021)
April -17   $446,004.04 (+39,424)
July-17     $496,327.00 (+50,322)
Oct-17      $535,958.74 (+39,631)
Jan-18      $617,102.81 (+81,144)
April -18   $649,856.20 (+32,718)
July -18    $704,760.25 (+54,904)

New Account due to email issues, but same old JGS, with an update... second best quarter ever. Savings rate continues to FAR outpace any compounding in the investment accounts, which have been flat.

JGS
Title: Re: Race from 500k to 1M!
Post by: NinetyFour on June 30, 2018, 01:52:07 PM
At $926K.

IF the markets stay flat, my income in the next month will put me into the double comma club.  Yes, I know that's a big IF.  :)

Well, so much for the markets staying flat.  :-/

But my NW is now up to $950K anyway, because of an extra income payout.  When $33K hits my tax-deferred accounts next week, I'll be even closer to the BIG milestone.  :)
Title: Re: Race from 500k to 1M!
Post by: skip207 on July 01, 2018, 04:06:25 AM
01/01/17 £374668
01/01/18 £497097
01/02/18 £500655
01/03/18 £497804
01/04/18 £492551
01/05/18 £503531
01/06/18 £519609
01/07/18 £534656
Title: Re: Race from 500k to 1M!
Post by: YellowCat on July 01, 2018, 07:19:43 AM
Jan 2017: $444,411
Feb 2017: $466,365 (+$21,954)
Mar 2017: $473,859 (+$7,494)
Apr 2017: $496,610 (+$22,751)
May 2017: $509,180 (+$12,570)
Jun 2017: $522,280 (+$13,100)
Jul 2017: $539,829 (+$17,549)
Aug 2017: $547,156 (+$7,327)
Sept 2017: $568,755 (+$21,599)
Oct 2017: $588,681 (+$19,926)
Nov 2017: $612,643 (+$23,962)
Dec 2017: $628,029 (+$15,386)
Jan 2018: $664,203 (+$36,174)
Feb 2018: $662,419 (-$1,784)
Mar 2018: $667,963 (+$5,544)
Apr 2018: $687,251 (+$19,288)
May 2018: $713,039 (+25,788)
Jun 2018: $719,898 (+6,859)

Not a spectacular increase this month but we are up ~$198k since June 2017. I'll take that.
Title: Re: Race from 500k to 1M!
Post by: Bergal on July 01, 2018, 04:32:31 PM
 Adding July 1 numbers.  Grr.  Slight step backwards ...
   

                     Invested/Cash    Total NW
End of 2015  $513k                $752k
End of 2016  $574k                $820k                   
10/1/17        $670k                $921k
11/1/17        $679k                $931k
12/1/17        $693k                $944k
1/1/18          $701K                $954k
2/1/18          $730k                $993k
3/1/18          $708k                $972k
4/1/18          $710k                $974k
5/1/18          $710K                $974k
6/1/18          $725K                $990k
7/1/18          $723K                $989K
Title: Re: Race from 500k to 1M!
Post by: TheAnonOne on July 01, 2018, 07:44:38 PM
Returning to update . . .

2015 DEC:252k<- Crossed 250k
--
2016 JAN:260k(+8k)
2016 FEB:281k(+21k)
2016 MAR:285k(+4k)
2016 APR:298k(+13k)
2016 MAY:305k(+7k)
2016 JUN:307k(+2k)
2016 JUL:320k(+13k)
2016 AUG:326k(+6k)
2016 SEP:336k(+10k)
2016 OCT:337k(+1k)
2016 NOV:361k(+24k)
2016 DEC:368k(+7k)
--
2017 JAN:382k(+14k)
2017 FEB:403k(+21k)
2017 MAR:416k(+13k)
2017 APR:427k(+11k)
2017 MAY:436k(+9k)
2017 JUN:449k(+13k)
2017 JUL:464k(+15k)
2017 AUG:478k(+14k)
2017 SEPT:494k(+16k)
2017 OCT:510k(+16k) <- Crossed 500k
2017 NOV:523k(+13k)
2017 DEC:534k(+11k)
--
2018 JAN:558k(+24k)
2018 FEB:569k(+11k)
2018 MAR:560k(-9k)
2018 APR:574k(+14k/+5k)
2018 MAY:575k(+1k)
2018 JUNE:575k+0


Last two months were expensive and nonprofitable! We were in Asia for the vast majority of May, and in June we had a weekend trip along with a new contract/job switch for myself that included a little downtime (3 days).

Either way, it should resume normal progress starting next month!

Title: Re: Race from 500k to 1M!
Post by: asauer on July 02, 2018, 07:51:47 AM
Not a big gain this month due to some high med bills.  Still, going up!

Jan '18: 580,300
Mar '18: 598,200
June '18: 616,400
July '18: 616,900
Title: Re: Race from 500k to 1M!
Post by: mynewchoice on July 02, 2018, 04:19:28 PM
YOY Increase     2018           2017           2016
+164k01/01/18   710k01/01/17   546k01/01/16   461k
+188k02/01/18   748k02/01/17   560k02/01/16   436k
+140k03/01/18   722k03/01/17   582k03/01/16   450k
+132k04/01/18   726k04/01/17   594k04/01/16   481k
+202k05/01/18   805k05/01/17   603k05/01/16   481k
+204k06/01/18   821k06/01/17   617k06/01/16   496k
+215k07/01/18   835k07/01/17   620k07/01/16   492k
08/01/18   08/01/17   633k08/01/16   518k
09/01/18   09/01/17   640k09/01/16   526k
10/01/18   10/01/17   660k10/01/16   523k
11/01/18   11/01/17   678k11/01/16   509k
12/01/18   12/01/17   699k12/01/16   531k

Had a nice increase in June, and holding a chunk of cash not accounted for here that I am still evaluating whether I want to put it into investments or pay off our mortgage.
Title: Re: Race from 500k to 1M!
Post by: caracarn on July 03, 2018, 06:29:25 AM
Here's my progress thus far:

1/1/2015 - $319,018
3/31/2015 - $358,647
6/30/2015 - $350,887
9/30/2015 - $329,044
12/31/2015 - $340,246
3/31/2016 - $390,030
6/30/2016 - $408.983
9/1/2016 - $447,834
12/31/2016 - $459,043
3/31/2017 - $509,618
6/30/2017 - $520,691
9/30/17 - $553,269
12/31/17 - $557,941
3/31/18 - $583,773
6/30/18 - $590,057

With the market slowing gains were only $4K over the 90 days.  Lots of unexpected expenses as things broke around the house and had to be handled which did not help with accumulating any extra savings.  General expected for costs were also higher than normal so having a positive uptick is still promising.  Will likely take a hit over the remainder of the year as we contemplate a business opportunity and/or my wife returns to college to get a Masters.  Unless something really unexpected happens should stay above $500K, but might be a slow slog for the next couple of years.
Title: Re: Race from 500k to 1M!
Post by: formerlydivorcedmom on July 03, 2018, 07:21:19 AM
Our net worth is essentially flat this month - which isn't bad, considering I took $6k out of the brokerage account last week.  My husband is going to buy a car...and then he'll finish fixing his current car and sell it for about $5k, so I will be repaying us in another month or so.

I expect our savings to jump a lot for the rest of the year - my husband graduated from college in May and starts a new full-time job next week (with a 403b AND a 457 plan!!!)  and yesterday I transitioned from being a contract employee to being permanent.  I got a little raise plus I will now be paid for holidays, vacations, and sick leave, which will be a big raise.
 
                 Invested/Overall NW
End of 2012: 170k / 200k  *(re)married
End of 2013: 295k / 342k
End of 2014: 338k / 388k
End of 2015: 366k / 428k *June - husband quit work to go back to college full-time
End of 2016: 432k / 545k
End of 2017: 532k / 664k [+83k college funds] * Sep - husband started working part-time; still going to college

end of Jan 2018:  553k / 686k  [+85k college funds]
end of Feb 2018: 545k / 679k   [+86k college funds]
end of Mar 2018: 538k / 671k   [+84k college funds]
end of Apr 2018: 537k / 677k    [+85k college funds] *house appraised at +9k
end of May 2018: 547k / 691k   [+86k college funds]
end of Jun 2018:  545k /691lk   [+87k college funds]
Title: Re: Race from 500k to 1M!
Post by: Bill76 on July 03, 2018, 10:12:36 AM
9/30/2017   $585K
7/31/2017   $567K


Haven't updated here in a while.

12/31/2017  $627K
03/31/2018  $641K
06/30/2018  $667K

Pretty much all of the gains since the end of 2017 are our contributions, since the market hasn't done much.
Title: Re: Race from 500k to 1M!
Post by: ScottsdaleSaver on July 03, 2018, 01:42:49 PM

6/18 Update - $799K; $231K in home equity, $11K in cash, remainder in investments. Up ~$170K from when I first started tracking in earnest a year ago (I know, I know). So grateful for the inspiration from MMM and this community!

3/2018 Update - $756K; $222K in home equity, $5K in cash, remainder in investments. It's refreshing to see we're actually up in total over last quarter, although about half of it is home appreciation, which I consider total funny money as we have no plans to sell any time soon.

12/2017 Update - We hit a big milestone this quarter - over $500K in investments!
Current totals - $719K; $194K in home equity, $5K in cash, remainder in investments

9/2017 Update - $670K; $187K in home equity, $10K in cash, remainder in investments

Somewhat embarrassingly, I didn't starting keeping close tabs on my net worth until finding MMM this year. Thankfully, I didn't muck it up too bad up to this point, but I'm hoping to do even better now that I know better! So, let's start here...

6/2017 - $630K; ~$180K in home equity, ~$10K in cash, remainder in investments
Title: Re: Race from 500k to 1M!
Post by: Finntastic on July 03, 2018, 09:57:57 PM
5/2018 = $597k
6/2018 = $630k (+$33k)
Title: Re: Race from 500k to 1M!
Post by: Acorns on July 06, 2018, 09:11:13 PM

End of 2007: $71,000
End of 2008: $87,600
End of 2009: $202,000
End of 2010: $257,000
2011: $298,000
2012: $364,000
2013: $371,000
2014: $615,000 (This looks like a big jump from 2013 because I started counting in my calculations an investment account which hadn't been counted in prior years)
2015: $644,000
2016: $740,000
July 2017: $813,000
Jan 2018: $926,000


Now at $969,000 mid-year 2018. I flirted with $1M a few times this past quarter but the current drawback put the total off this mark.
Title: Re: Race from 500k to 1M!
Post by: RWD on July 07, 2018, 08:54:32 AM
Quarterly update:

10/1/2017 - 502k
1/1/2018 - 544k
4/1/2018 - 559k
7/1/2018 - 604k
Title: Re: Race from 500k to 1M!
Post by: moof on July 08, 2018, 11:22:51 PM
$703k invested as of today, up from ~$550k 15 months ago.  On track to have invested $60k by the end of the year.  Just need it to double (plus inflation) and I'll be at my number.  7 more years..
795k invested, 980k total NW.  Hitting 1M total NW is so close.  Still 6.5 years before I can pull the trigger.

My wife looks like she is picking up a decent 3/4 time work from home job (email out of the blue from her boss from 12 years ago), well timed with the kid starting Kindergarten this fall.  We might be able to shave a couple years off if it pans out.
Title: Re: Race from 500k to 1M!
Post by: YoungGranny on July 09, 2018, 06:55:59 AM


Dec. 2017: $502k
Jan. 2, 2018: $513.7k
Feb. 5, 2018: $539.9k
Mar. 5, 2018: $543.6k
Apr. 2, 2018: $557.6
Apr. 30, 2018: $574.5k
June 4, 2018: $616.2k
July 2, 2018: $623.4k

I track the numbers in a spreadsheet but just forgot to post them last week! Whoops. Still making the steady climb this month. I always love summers in Michigan because I can really get my electricity bill low - who even needs air conditioning when we have nice cool basements :)
Title: Re: Race from 500k to 1M!
Post by: AccidentalMiser on July 10, 2018, 06:31:44 AM

07/10/2018:  1,001,996.  By coincidence, it’s my eldest son’s 31st birthday!

I want to thank everyone in this community for the encouragement and face punches along the way!
Title: Re: Race from 500k to 1M!
Post by: Trifele on July 10, 2018, 07:24:28 AM

07/10/2018:  1,001,996.  By coincidence, it’s my eldest son’s 31st birthday!

I want to thank everyone in this community for the encouragement and face punches along the way!

Yay!!!!!!!!  Huge Congrats @Accidental Miser !!!!!
Title: Re: Race from 500k to 1M!
Post by: YoungGranny on July 10, 2018, 07:32:39 AM
Congrats @Accidental Miser! I feel like for most of us once we hit $1m FIRE is within striking distance so keep up the good work and enjoy it =D
Title: Re: Race from 500k to 1M!
Post by: formerlydivorcedmom on July 10, 2018, 08:48:41 AM
Congratulations, @Accidental Miser !  We can't wait to join you....eventually.
Title: Re: Race from 500k to 1M!
Post by: sisto on July 10, 2018, 02:16:52 PM
So I realized that I can export filtered MINT results. So just cash and investments here are my numbers since I started using MINT. This is also when I found MMM.

Mar-15   $404,454.74
Apr-15   $457,085.48
May-15   $523,800.00
Jun-15   $506,843.08
Jul-15   $514,752.42
Aug-15   $479,005.84
Sep-15   $475,949.33
Oct-15   $525,997.36
Nov-15   $524,569.10
Dec-15   $524,113.71
Jan-16   $477,032.05
Feb-16   $493,480.35
Mar-16   $529,828.48
Apr-16   $524,363.81
May-16   $546,554.41
Jun-16   $538,240.10
Jul-16   $573,929.64
Aug-16   $587,162.18
Sep-16   $593,841.80
Oct-16   $580,415.99
Nov-16   $596,662.46
Dec-16   $613,100.06
Jan-17   $628,613.89
Feb-17   $658,200.77
Mar-17   $663,010.04
Apr-17   $672,873.80
May-17   $692,391.67
Jun-17   $695,238.00
Jul-17   $711,237.29
Aug-17   $712,081.78
Sep-17   $731,384.09
Oct-17   $768,141.07
Nov-17   $774,206.14
Dec-17   $790,211.67
Jan-18   $839,665.84
Feb-18   $846,619.16
Mar-18   $846,822.73
Apr-18   $868,065.82
May-18   $921,899.48
Jun-18   $915,118.46
Jul-18   $941,756.64

Getting really close, if the markets hold stable I should make it by EOY.
Title: Re: Race from 500k to 1M!
Post by: guelphinvestor on July 10, 2018, 05:23:41 PM
Just passed a million :

1,003,676.41

Sent from my Nexus 5 using Tapatalk

Title: Re: Race from 500k to 1M!
Post by: Trifele on July 11, 2018, 03:12:19 AM
Just passed a million :

1,003,676.41

Sent from my Nexus 5 using Tapatalk

Congrats!!!
Title: Re: Race from 500k to 1M!
Post by: JGS1980 on July 11, 2018, 06:16:37 AM
A hearty congratulations to both Accidental Miser and Rick!!!
Title: Re: Race from 500k to 1M!
Post by: AccidentalMiser on July 11, 2018, 06:45:11 AM
Just passed a million :

1,003,676.41

Sent from my Nexus 5 using Tapatalk

Congratulations, Rick!!
Title: Re: Race from 500k to 1M!
Post by: skip207 on July 11, 2018, 01:53:44 PM
Just passed a million :

1,003,676.41

Sent from my Nexus 5 using Tapatalk

Amazing well done!
Title: Re: Race from 500k to 1M!
Post by: actionjackson on July 12, 2018, 06:43:56 AM
2018
Jan   398000
Feb   431000
Mar   448000
Apr   462580
May   481501
Jun - 489782
Jul - 507110

Jumping in on this thread after this month.. woot!
Title: Re: Race from 500k to 1M!
Post by: salt cured on July 12, 2018, 09:31:19 AM
Congrats Rick! And welcome actionjackson!
Title: Re: Race from 500k to 1M!
Post by: mynewchoice on July 12, 2018, 10:23:55 AM
2018
Jan   398000
Feb   431000
Mar   448000
Apr   462580
May   481501
Jun - 489782
Jul - 507110

Jumping in on this thread after this month.. woot!

Welcome to the 500k thread, and congrats on the progress that you've made in a short amount of time!
Title: Re: Race from 500k to 1M!
Post by: AccidentalMiser on July 12, 2018, 04:35:04 PM
2018
Jan   398000
Feb   431000
Mar   448000
Apr   462580
May   481501
Jun - 489782
Jul - 507110

Jumping in on this thread after this month.. woot!

You're killing it!!  Congrats!
Title: Re: Race from 500k to 1M!
Post by: bridget on July 14, 2018, 12:44:59 PM
As of YESTERDAY, I have graduated into this thread! 

July 2018: $522k

I've been hovering around 498-502 for a few weeks now depending on what's going on in the market from day-to-day, but yesterday I received a $20k midyear bonus along with my regular paycheck, so I think I am now comfortably established in the half million+ zone, hopefully for good!
Title: Re: Race from 500k to 1M!
Post by: Trifele on July 14, 2018, 12:57:35 PM
As of YESTERDAY, I have graduated into this thread! 

July 2018: $522k

I've been hovering around 498-502 for a few weeks now depending on what's going on in the market from day-to-day, but yesterday I received a $20k midyear bonus along with my regular paycheck, so I think I am now comfortably established in the half million+ zone, hopefully for good!

Welcome @bridget !   That is very healthy bonus!  You go girl, you half-millionaress you.  :)
Title: Re: Race from 500k to 1M!
Post by: clarkfan1979 on July 17, 2018, 09:38:02 PM
2011: 25K
2012: 50K
2013: 100K
2014: 165K
2015: 275K
2016: 375K
2017: 475K
2018: 560K

It took me 7 years to get from zero to 500K, so I'm thinking 5 years to get from 500K to 1 million. 2023?
Title: Re: Race from 500k to 1M!
Post by: Trifele on July 18, 2018, 03:35:18 AM
2011: 25K
2012: 50K
2013: 100K
2014: 165K
2015: 275K
2016: 375K
2017: 475K
2018: 560K

It took me 7 years to get from zero to 500K, so I'm thinking 5 years to get from 500K to 1 million. 2023?

Welcome @clarkfan1979!  At the rate you are going it will take less than that. And if we get any kind of market uptick, that'll shave even more time off.  Well done. 
Title: Re: Race from 500k to 1M!
Post by: guelphinvestor on July 19, 2018, 03:34:09 PM
Now that I hit 1 million, I am tempted to move into more conservative investments.

Sent from my LG-V522 using Tapatalk

Title: Re: Race from 500k to 1M!
Post by: Zamboni on July 19, 2018, 05:49:14 PM
I missed a month on vacation AND I passed an investment money milestone, woo hoo!

Numbers for end of month:
Month Year: Investments
June 2017: 504K
July 2017: 523K
Add in home value - debts; net worth as second number:
Aug 2017: 533K / 666K
Sep 2017: 539K / 679K
Oct 2017: 551K / 698K
Nov 2017: 561K / 711K
Dec 2017: 569K / 724K
Jan 2018: 589K / 751K
Feb 2018: 577K / 741K
May 2018: 585K / 744K
July 2018: 600K / 763K


(https://tickers.TickerFactory.com/ezt/d/4;10501;125/st/20181215/e/Sabbatical%21/k/6f12/event.png)
 (https://www.TickerFactory.com/)
Title: Re: Race from 500k to 1M!
Post by: salt cured on July 24, 2018, 08:47:43 AM
Now that I hit 1 million, I am tempted to move into more conservative investments.

Sent from my LG-V522 using Tapatalk

What's your allocation now?
Title: Re: Race from 500k to 1M!
Post by: guelphinvestor on July 24, 2018, 09:32:00 AM
It is 70 % equities / 30 % fixed income.
This is counting some company stock which has a fixed price and pays 5% dividends as fixed income
Title: Re: Race from 500k to 1M!
Post by: talltexan on July 25, 2018, 08:14:45 AM
Now that I hit 1 million, I am tempted to move into more conservative investments.

Sent from my LG-V522 using Tapatalk

I'm doing a version of this, in that I'm attempting to clear all those dumb little debts that are out there. It's not optimal to pay these off, but I figure with a $1 mm net worth I can afford to be sub-optimal.
Title: Re: Race from 500k to 1M!
Post by: letsdoit on July 25, 2018, 10:09:41 AM
I missed a month on vacation AND I passed an investment money milestone, woo hoo!

Numbers for end of month:
Month Year: Investments
June 2017: 504K
July 2017: 523K
Add in home value - debts; net worth as second number:
Aug 2017: 533K / 666K
Sep 2017: 539K / 679K
Oct 2017: 551K / 698K
Nov 2017: 561K / 711K
Dec 2017: 569K / 724K
Jan 2018: 589K / 751K
Feb 2018: 577K / 741K
May 2018: 585K / 744K
July 2018: 600K / 763K


(https://tickers.TickerFactory.com/ezt/d/4;10501;125/st/20181215/e/Sabbatical%21/k/6f12/event.png)
 (https://www.TickerFactory.com/)

how long are you going to take on sabbatical?  is your career easy to jump back into ?
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on July 25, 2018, 04:40:55 PM

Now that I hit 1 million, I am tempted to move into more conservative investments.
...
It is 70 % equities / 30 % fixed income.
This is counting some company stock which has a fixed price and pays 5% dividends as fixed income

That's fairly conservative already, presuming your equities are diversified in broad index funds (e.g. VTSAX). 

Hopefully you don't have too large an exposure to a single company's stock, your employer at that.  You wouldn't want the double whammy of losing your job and a major asset in your portfolio tanking. 

Your age and how close you are to retirement are also considerations for how to measure your portfolio on the conservative vs aggressive scale.

I'm a conservative guy myself, and my allocation is pretty much 70/30. 
Title: Re: Race from 500k to 1M!
Post by: BluePhoenix75 on July 25, 2018, 04:55:25 PM
July update:

Our Stash (NW):
1/2018 - $565,049
2/2018 - $560,628
3/2018 - $573,526
5/2018 - $601,628
6/2018 - $624,739
7/2018 - $641,020

As anticipated, summer camps and home repairs are slowing down debt pay down.  But, hey, the kids and house are living their best life now!
Title: Re: Race from 500k to 1M!
Post by: bownyboy on July 27, 2018, 08:15:38 AM
Hi Everyone,

I've just graduated from the 250-500k thread as of yesterday we are at £510k. We've typically added £100k a year through savings and investment growth, which seems insane to me if you said 5 years ago thats where we'd be!

I'm currently contracting in IT in London, so day rates are good and am saving every penny we can. Plan is to keep building the stash until it gets to around £600k and then rent the house and go travelling for a year.

After that, who knows?

Historical chart below:

Jan 2017 - £346,854
Feb 2017 - £388,581 (+£41,727)
Mar 2017 - £396,119 (+£7,538)
Apr 2017 - £401,345 (+£5,226)
May 2017 - £399,619 (-£1,726)
Jun 2017 - £411,132 (+£11,513)
Jul 2017 - £409,299 (-£1,833)
Aug 2017 - £413,486 (+£4,187)
Sep 2017 - £415,586 (+£2,100)
Oct 2017 - £434,692 (+£19,000)
Nov 2017 - £438,434 (+£3,742)
Dec 2017 - £452,034 (+£13,600)
Jan 2018 - £456,088 (+£4,054)
Feb 2018 - £467,243 (+£11,155)
Mar 2018 - £463,199 (-£4,044)
Apr 2018 - £453,874 (-£9,325)
May 2018 - £475,489 (+£21,615)
Jun 2018 - £489,292 (+£13,802)
July 2018 - £499,919 (+£10,267)

July 25th 2018 - £510,626 (+£10,707)

(https://i.imgur.com/4pY5Bh6.png)
Title: Re: Race from 500k to 1M!
Post by: skip207 on July 30, 2018, 01:52:24 PM
good luck keep us updated if you do decide to travel.  I am due to do similar in c.4 yrs.
Title: Re: Race from 500k to 1M!
Post by: letsdoit on July 30, 2018, 05:47:29 PM
2013: NW $0
now: NW $550 k
Title: Re: Race from 500k to 1M!
Post by: TheAnonOne on July 30, 2018, 06:22:10 PM
Returning to update . . .

2015 DEC:252k<- Crossed 250k
--
2016 JAN:260k(+8k)
2016 FEB:281k(+21k)
2016 MAR:285k(+4k)
2016 APR:298k(+13k)
2016 MAY:305k(+7k)
2016 JUN:307k(+2k)
2016 JUL:320k(+13k)
2016 AUG:326k(+6k)
2016 SEP:336k(+10k)
2016 OCT:337k(+1k)
2016 NOV:361k(+24k)
2016 DEC:368k(+7k)
--
2017 JAN:382k(+14k)
2017 FEB:403k(+21k)
2017 MAR:416k(+13k)
2017 APR:427k(+11k)
2017 MAY:436k(+9k)
2017 JUN:449k(+13k)
2017 JUL:464k(+15k)
2017 AUG:478k(+14k)
2017 SEPT:494k(+16k)
2017 OCT:510k(+16k) <- Crossed 500k
2017 NOV:523k(+13k)
2017 DEC:534k(+11k)
--
2018 JAN:558k(+24k)
2018 FEB:569k(+11k)
2018 MAR:560k(-9k)
2018 APR:574k(+14k/+5k)
2018 MAY:575k(+1k)
2018 JUNE:575k(+0)
2018 JULY:599k(+24)

Finally, back on track! May and June had some unpaid time off for trips and I had a job switch in there. July was a great month financially!

We actually broke 600k a few days back but fell back under the line! Oh well... next month!
Title: Re: Race from 500k to 1M!
Post by: asauer on July 31, 2018, 06:00:59 AM
Small bonus this month and hubs new stock options- gave us a little bump.  I'll take it!
Feb 1 2018: 613k
March 1 2018: 598K
April 1 2018: 522K
May 1 2018: 592K
June 1 2018: 616k
July 1 2018: 616,919
August 1 2018: 644,545
Title: Re: Race from 500k to 1M!
Post by: tightwaddy on July 31, 2018, 06:15:39 AM
Stash (NW):
April 9, 2016:  $319,737
April 16, 2017: $379,833

March 8, 2018: $500,818
March 30, 2018: $505,467 ($924,670)
April 30, 2018:  $510,215 ($937,731)
May 31, 2018: $514,410 ($950,830)
June 30, 2018 $525,227 ($964,045)
July 31, 2018: $535,419 ($984,617)  Real estate hot in neighborhood right now, but always skeptical about Zillow.
Title: Re: Race from 500k to 1M!
Post by: BriarRose111 on July 31, 2018, 03:04:15 PM
Liquid assets / Net worth

Jan 2018 $415.5K / $508K
Jun 2018  $518.8K / $578.4K
Jul  2018  $528.3K / $588.2K
Title: Re: Race from 500k to 1M!
Post by: OurTown on July 31, 2018, 05:27:50 PM
1/1/15 = $266
2/1/15 = $269
3/1/15 = $278
4/1/15 = $280
5/1/15 = $284
6/1/15 = $295
7/1/15 = $298
8/1/15 = $338
9/1/15 = $335
10/1/15 = $339
11/1/15 = $357
12/1/15 = $365

1/1/16 = $374
2/1/16 = $373
3/1/16 = $379
4/1/16 = $391
5/1/16 = $398
6/1/16 = $406
7/1/16 = $415
8/1/16 = $426
9/1/16 = $424
10/1/16 = $427
11/1/16 = $428
12/1/16 = $438

1/1/17 = $461
2/1/17 = $471
3/1/17 = $482
4/1/17 = $479
5/1/17 = $492
6/1/17 = $500
7/1/17 = $508
8/1/17 = $518
9/1/17 = $523
10/1/17 = $543
11/1/17 = $550
12/1/17 = $558

1/1/18 = $580
2/1/18 = $593
3/1/18 = $589
4/1/18 = $587
5/1/18 = $603
6/1/18 = $617
7/1/18 = $612
8/1/18 = $623
Title: Re: Race from 500k to 1M!
Post by: Ladychips on July 31, 2018, 06:08:37 PM
         Investments/cash     Net worth

5/18 - $503,164               $742,902
6/18 - $506,463               $747,871

7/18 - $520,768          $764,243

Decent enough gain...I'll take it.
Title: Re: Race from 500k to 1M!
Post by: 2Birds1Stone on July 31, 2018, 06:54:36 PM
We have graduated officially today!

Combined NW
8/1/2018 - $514,000
Title: Re: Race from 500k to 1M!
Post by: Arbitrage on July 31, 2018, 07:35:51 PM
Liquid NW / Total NW

1/1/16: $455k / 675k
1/1/17: $555k / 822k
1/1/18: $735k / 1.071M
5/17/18: $765k / 1.112M
6/29/18: $773k / 1.137M
7/31/18: $795k / 1.170M

Guess it was a pretty good month.  For some reason it didn't feel that way. 
Title: Re: Race from 500k to 1M!
Post by: salt cured on July 31, 2018, 09:17:14 PM
Bought a motorcycle and gear this month.

Aug17:$488k
Sep17:$507k
Oct17:$526k
Nov17:$546k
Dec17:$566k
Jan18:$612k
Feb18:$603k
Mar18:$599k
Apr18:$612k
May18:$630k
Jun18:$656k
Jul18:$692k
Title: Re: Race from 500k to 1M!
Post by: Trifele on August 01, 2018, 03:35:30 AM
Tracking investments (excludes college savings accounts and house equity):
               
5/1/17 --    $631k     
6/1/17 --    $647k (+$16k)     
7/1/17 --    $655k (+$8k)   
8/1/17 --    $665k (+$10k)   
9/1/17 --    $672k (+$7k)   
10/1/17 --  $684k (+$12k)   
11/1/17 --  $702k (+$18k)
12/1/17 --  $724k (+$22k)

1/1/18  --   $731k (+$7k)
2/1/18  --   $761k (+$30k)
3/1/18  --   $737k (-$24k)
4/1/18 --    $731k (-$6k)
5/1/18 --    $738k (+$7k)
6/1/18 --    $747k (+$9k)
7/1/18 --    $744k (-$3k)
8/1/18 --    $761k (+$17k)

Title: Re: Race from 500k to 1M!
Post by: skip207 on August 01, 2018, 04:08:56 AM
Has anyone worked out the average time from 500k to 1MM?  I think someone had done it on the 250-500 thread.
Title: Re: Race from 500k to 1M!
Post by: guelphinvestor on August 01, 2018, 04:36:37 AM
It took me five years

Sent from my Nexus 5 using Tapatalk

Title: Re: Race from 500k to 1M!
Post by: boarder42 on August 01, 2018, 05:48:23 AM
Invest / total
6/24/16 - 362k / 500k NW
12/1/16 - 404k / 550k NW
1/1/17 - 450k / 600k NW
2/1/17 - 462k / 607k NW
5/1/17 - 514k / 666k NW
6/1/17 - 526k / 673k NW
7/1/17 - 542k / 691k NW
8/1/17 - 557k / 707k NW
11/1/17 - 603k / 753k NW
12/1/17 - 625k / 775k NW
01/1/18 - 651k /805k NW
02/1/18 - 681k / 831k NW
03/1/18 - 660k / 811k NW
6/15/18 - 750k / 950k NW
08/1/18 - 762k / 967k NW

Fun to see NW growing like this when we're getting hit with 4-6k in medical costs for a baby. 
Title: Re: Race from 500k to 1M!
Post by: YoungGranny on August 01, 2018, 07:16:05 AM


Dec. 2017: $502k
Jan. 2, 2018: $513.7k
Feb. 5, 2018: $539.9k
Mar. 5, 2018: $543.6k
Apr. 2, 2018: $557.6
Apr. 30, 2018: $574.5k
June 4, 2018: $616.2k
July 2, 2018: $623.4k


Aug. 1, 2018: $643.8k - got a raise this month so my savings rate will creep a bit higher.
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on August 01, 2018, 07:41:58 AM
LNW      TNW
Jan 2018 -  846K  /  987K 
Feb 2018 -  880K / 1.02M     
Mar 2018 -  859K / 1.00M
Apr 2018 -  855K /   996K 
May 2018 - 856K /   999K   
Jun 2018  - 875K / 1.02M
Jul  2018  - 887K /  1.03M
Aug 2018  - 922K / 1.07M
Title: Re: Race from 500k to 1M!
Post by: skip207 on August 01, 2018, 09:10:37 AM
01/01/17 £374668
01/01/18 £497097
01/02/18 £500655
01/03/18 £497804
01/04/18 £492551
01/05/18 £503531
01/06/18 £519609
01/07/18 £534656
01/08/18 £539771

First poor month in the last 3 for me. 
Title: Re: Race from 500k to 1M!
Post by: letsdoit on August 01, 2018, 09:24:33 AM
i'm starting to wonder how much this child rearing is going to slow us down
Title: Re: Race from 500k to 1M!
Post by: rokel on August 01, 2018, 12:26:02 PM
Hi! I'm excited to join this thread. I've been saving up to buy a house for awhile and now that I did that, I'm working towards retirement

07/2018-- 535,562 / 673,992
Title: Re: Race from 500k to 1M!
Post by: mynewchoice on August 01, 2018, 04:26:37 PM
YOY Increase     2018           2017           2016
+164k01/01/18   710k01/01/17   546k01/01/16   461k
+188k02/01/18   748k02/01/17   560k02/01/16   436k
+140k03/01/18   722k03/01/17   582k03/01/16   450k
+132k04/01/18   726k04/01/17   594k04/01/16   481k
+202k05/01/18   805k05/01/17   603k05/01/16   481k
+204k06/01/18   821k06/01/17   617k06/01/16   496k
+215k07/01/18   835k07/01/17   620k07/01/16   492k
+233k08/01/18   866k08/01/17   633k08/01/16   518k
09/01/18   09/01/17   640k09/01/16   526k
10/01/18   10/01/17   660k10/01/16   523k
11/01/18   11/01/17   678k11/01/16   509k
12/01/18   12/01/17   699k12/01/16   531k

Started the Zero Day Challenge with my wife at the end of June to try and bring a new level of mindfulness to our spending, and as a result was able to be a bit more aggressive in adding new capital to investments. Still holding a chunk of cash not accounted for here that I am still evaluating whether I want to put it into investments or pay off our mortgage, and if I decide to invest it will put us in striking distance of $1MM in our investment accounts.
Title: Re: Race from 500k to 1M!
Post by: fiStressRelief on August 01, 2018, 04:28:11 PM
1/1/18   - 633k / 1.000M
2/1/18   - 668k / 1.034M
3/1/18   - 660k / 1.028M
4/1/18   - 665k / 1.032M
5/1/18   - 673k / 1.037M

8/1/18  - 719k / 1.086M

Missed a couple monthly updates due to summer travels.  My goal at the beginning of the year was to hit 750k, so looks like we should be able to surpass that at this rate.
Title: Re: Race from 500k to 1M!
Post by: Trifele on August 01, 2018, 06:06:33 PM
Hi! I'm excited to join this thread. I've been saving up to buy a house for awhile and now that I did that, I'm working towards retirement

07/2018-- 535,562 / 673,992

Welcome aboard @rokel!  Looking good.
Title: Re: Race from 500k to 1M!
Post by: FireHiker on August 01, 2018, 06:07:44 PM
Well, it's not been the best year, but I realized I haven't checked in here in awhile.

Current status:
Stash $891k
TNW $1.543M

Probably not going to cross the 1M mark for the stash this year, but at least we're finally back to a new high for the stash, which was $890k at the end of January. I looked back and saw that I originally thought we'd hit 1M for the stash by the end of 2019. Probably still doable depending on the market.
Title: Re: Race from 500k to 1M!
Post by: Finallyunderstand on August 01, 2018, 07:50:59 PM
Estimates of NW over the years with more concrete values currently
2011: $40k  Real estate sucked (I'm a realtor and own rentals), income was low and equity was non existent.  Tough times!
2012: $55k
2013: $75k
2014: $160k  Being a realtor and also having a large portion of NW in real estate helped income and value go up drastically. (income $155k) plus asset appreciation
2015: $295k  (income $210k) plus asset appreciation
2016: $505k (income $242k) plus asset appreciation
Started using Mint for tracking in 2017
2017: March $515
         April $500 spent money... :(
         May $521
         June $573
         July $588
         Aug $605k
         Sep $647k
         Oct $650k
         Dec $684K
2018
         Jan $725k
         July $780k

Almost forgot about this thread.  Spent the last few months rehabbing and flipping a house so that took a lot of free time.  Should close on that sale in a few weeks.
Title: Re: Race from 500k to 1M!
Post by: onlykelsey on August 02, 2018, 11:25:16 AM
I have been gone more than a year.  Don't feel like going through and verifying all the interim months' numbers, but will reproduce based on personal capital.

As a reminder mostly to myself, in this thread I am tracking personal assets (not shared or soon-to-be kid's college savings) using personalcapital.

December 2013: 142K
March 2014: 178K
June 2014: 191K
September 2014: 205K
December 2014: 231K
March 2015: 232K (I self financed half a wedding this quarter, and began subsidizing now husband)
June 2015: 249K
September 2015: 272K (a new~30K in debt showed in this quarter from the first half of a 60K roof assessment I didn't have cash on hand for)
December 2015: 326K
March 2016: 342K
June 2016: 389K
September 2016: 457K (began booking a 4540K "liability" that I would incur if I wanted to liquidate my condo, which I include in this NW total)
December 2016: 511K (+185K year on year)
March 2017: 599K (I am guessing on numbers for the end of the month, but should be +/- 2K, +142K year on year)

I am towards the end of maternity leave.  I am sure the saving/investing pace won't keep up when I start paying daycare (and maybe working a 70 or 80% schedule for a couple months), but not too bad for being off work!
June 2017: 603K
September 2017: 639K
December 2017: 698K
March 2018: 667K (drop is due to someone having conducted a fire sale of their condo in our very small building during a divorce)
June 2018: 689K
July 2018: 723K  I guess I shouldn't be surprised given my husband's income struggles and how expensive daycare + health insurance is, but at least I'm making progress.  I just switched back to 100% hours so started getting a small bump.  I need to kick my husband's a$$ in to gear on the earning side and buckle down on the restaurants, I think. 
Title: Re: Race from 500k to 1M!
Post by: A&R on August 02, 2018, 05:25:01 PM
12/17/17  $739,821
01/16/18  $774,717

That jump seems crazy to me.

08/02/18  $873,766

Took a break from constantly checking my net worth for a while.
Title: Re: Race from 500k to 1M!
Post by: JGS1980 on August 02, 2018, 05:53:48 PM
12/17/17  $739,821
01/16/18  $774,717

That jump seems crazy to me.

08/02/18  $873,766

Took a break from constantly checking my net worth for a while.

Apparently, you should take breaks more often :)

Title: Re: Race from 500k to 1M!
Post by: Roots&Wings on August 03, 2018, 05:44:28 AM
No kidding, the market continues to go crazy...

Another annual update:

April 2016: $500k -----> saved $54.8k (~75% of income), 90/10 allocation
April 2017: $651k -----> saved $53.4k (~73% income), 60/40 allocation
April 2018: $777k

My investment risk tolerance has shifted over past couple years with political situation, and resulting lower returns last year. Now at 80/20 allocation.

Aug 1 2018: 838k

A 61k increase in 3 months is almost my annual post-tax salary, and seems totally unsustainable.
Title: Re: Race from 500k to 1M!
Post by: Freedomin5 on August 03, 2018, 08:21:36 AM
Oct 2017: 527k
Jan 2018: 554k
Mar 2018: 666k (updated value of rental property)
Apr 2018: 682k
May 2018: 694k
Jun 2018: 711k

Yay! Surpassed 700k. Next goal is to hit 727k, which is 200k more than when I joined this thread. Hope to reach that by August or September.

Aug 2018: 770k (updated value of rental property)

Next goal: Get to an even 800k by the end of this year.
Title: Re: Race from 500k to 1M!
Post by: Bergal on August 03, 2018, 03:52:34 PM
Pretty exciting!!!  NW just passed $1m!  I know that could change with a bad month in the market but it was exciting nonetheless!

               Invested/Cash    Total NW
End of 2015  $513k                $752k
End of 2016  $574k                $820k                   
10/1/17        $670k                $921k
11/1/17        $679k                $931k
12/1/17        $693k                $944k
1/1/18          $701k                $954k
2/1/18          $730k                $993k
3/1/18          $708k                $972k
4/1/18          $710k                $974k
5/1/18          $710k                $974k
6/1/18          $725k                $990k
7/1/18          $723k                $989k
8/1/18          $744k                $1,010,242 !!!!
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on August 03, 2018, 03:59:02 PM
Nice milestone to reach, isn't it?   Congrats and huzzah! 
Title: Re: Race from 500k to 1M!
Post by: YellowCat on August 04, 2018, 07:16:46 AM
Jan 2017: $444,411
Feb 2017: $466,365 (+$21,954)
Mar 2017: $473,859 (+$7,494)
Apr 2017: $496,610 (+$22,751)
May 2017: $509,180 (+$12,570)
Jun 2017: $522,280 (+$13,100)
Jul 2017: $539,829 (+$17,549)
Aug 2017: $547,156 (+$7,327)
Sept 2017: $568,755 (+$21,599)
Oct 2017: $588,681 (+$19,926)
Nov 2017: $612,643 (+$23,962)
Dec 2017: $628,029 (+$15,386)
Jan 2018: $664,203 (+$36,174)
Feb 2018: $662,419 (-$1,784)
Mar 2018: $667,963 (+$5,544)
Apr 2018: $687,251 (+$19,288)
May 2018: $713,039 (+$25,788)
Jun 2018: $719,898 (+$6,859)
Jul 2018: $749,307 (+$29,409)

We are *so* close to 3/4 Million, and up ~$121k this year so far...
Title: Re: Race from 500k to 1M!
Post by: ToughMother on August 05, 2018, 07:37:25 PM
               Invested/Cash    Total NW
8/1/18          $744k                $1,010,242 !!!!

SO AWESOME @Bergal !!! Congrats on the double commas!
Title: Re: Race from 500k to 1M!
Post by: OurTown on August 06, 2018, 07:43:32 AM
You are all doing great.  I am going to have some very expensive car repairs this month, which will flatten out our progress a bit.  C'est la vie.
Title: Re: Race from 500k to 1M!
Post by: NinetyFour on August 07, 2018, 09:33:23 AM
I first hit the double comma club on July 10th.  Then it dipped the next day.  :(  But then the markets recovered, and I have been a club member in good standing for almost a month.  I know it could disappear at any time, but I am enjoying it for now.  The timing was particularly nice, as I became a millionaire just 10 days after my official retirement date.  :D

Here's what my progress has looked like since the Fall of 2013, just a few months after I discovered MMM and started paying attention to my finances:

(https://farm2.staticflickr.com/1818/30006725038_132937149e_b.jpg)
Title: Re: Race from 500k to 1M!
Post by: RWD on August 07, 2018, 09:34:43 AM
I first hit the double comma club on July 10th.

Congrats!
Title: Re: Race from 500k to 1M!
Post by: Roots&Wings on August 07, 2018, 10:11:34 AM
Way to go 94!!! Congrats on the milestone and FIREing!
Title: Re: Race from 500k to 1M!
Post by: MayDay on August 07, 2018, 06:51:46 PM
722k here. My last post was too many pages back to find.

We've been going gangbusters. It's going to hurt when the market corrects.

I have a prediction based on contributions and an estimated rate of return and we keep flying past it.
Title: Re: Race from 500k to 1M!
Post by: onlykelsey on August 07, 2018, 06:54:39 PM
We've been going gangbusters. It's going to hurt when the market corrects.

I've been thinking that as well, especially as I contemplate downshifting my career...
Title: Re: Race from 500k to 1M!
Post by: NinetyFour on August 07, 2018, 11:58:05 PM
I first hit the double comma club on July 10th.

Congrats!

Way to go 94!!! Congrats on the milestone and FIREing!

Thanks very much!!  Feels a bit unreal...   But I'm doing my best to enjoy it so far.  :)
Title: Re: Race from 500k to 1M!
Post by: A&R on August 08, 2018, 10:21:16 AM
12/17/17  $739,821
01/16/18  $774,717

That jump seems crazy to me.

08/02/18  $873,766

Took a break from constantly checking my net worth for a while.

Apparently, you should take breaks more often :)

I know, right? Like a lot of you, I'm bracing for a market dip, but I think we all understand that if it goes down, it'll come up again. Trying to stress less and just have faith in the system!
Title: Re: Race from 500k to 1M!
Post by: letsdoit on August 08, 2018, 11:26:42 AM
i'm cashing in a little on the market , now, for money we'll spend in next 15 months or so.  moving it from SP500 into a MMF
Title: Re: Race from 500k to 1M!
Post by: kapnfriday on August 09, 2018, 10:23:47 AM
Invested assets:
12-2017: $510,037
1-2018: $539,718 (+29.6k)
2-2018: $514,481 (-25.2K)
3-2018: $511,273 (-3.2k)
4-2018: $515,153 (+3.8k)

(missed a few updates in here)

7-2018: $545,690
Title: Re: Race from 500k to 1M!
Post by: catccc on August 10, 2018, 01:36:32 PM
Yes!  Officially hit $1M yesterday.  Super excited to have come so far.  I was checking daily since August 1st because I was so close and my birthday is this month.  I really wanted to hit it before I turned 40.  So I did it!  And the today realized that I don’t turn 40 until next year.  Lol!  I’m ridiculous, sometimes.

No real estate, about $90K is the kids 529s, everything else is cash & investments.
Title: Re: Race from 500k to 1M!
Post by: Ladychips on August 10, 2018, 03:57:31 PM
Yes!  Officially hit $1M yesterday.  Super excited to have come so far.  I was checking daily since August 1st because I was so close and my birthday is this month.  I really wanted to hit it before I turned 40.  So I did it!  And the today realized that I don’t turn 40 until next year.  Lol!  I’m ridiculous, sometimes.

No real estate, about $90K is the kids 529s, everything else is cash & investments.

Congratulations!  That's wonderful!  And happy soon-to-be birthday!
Title: Re: Race from 500k to 1M!
Post by: catccc on August 12, 2018, 08:25:59 PM
Thanks!  And... it was gone two days later.  Thankfully, I wasn’t expecting it to stick right away, so it’s fine, no surprise.
Title: Re: Race from 500k to 1M!
Post by: chiefsuave on August 12, 2018, 11:38:26 PM
I come to this thread for motivation. Never lets me down.

Congrats to all and keep grinding!
Title: Re: Race from 500k to 1M!
Post by: talltexan on August 13, 2018, 11:30:42 AM
Catccc-

congratulations on passing the $1,000,000 mark. But you seriously need to get a handle on tracking your age. If you can miss that by 2.5%, measuring net worth is going to be even harder.

Title: Re: Race from 500k to 1M!
Post by: actionjackson on August 14, 2018, 06:26:31 AM
2018
Jan   398000
Feb   431000
Mar   448000
Apr   462580
May   481501
Jun - 489782
Jul - 507110
Aug - 523353
Title: Re: Race from 500k to 1M!
Post by: onlykelsey on August 14, 2018, 06:49:07 AM
Catccc-

congratulations on passing the $1,000,000 mark. But you seriously need to get a handle on tracking your age. If you can miss that by 2.5%, measuring net worth is going to be even harder.

+1
Title: Re: Race from 500k to 1M!
Post by: catccc on August 14, 2018, 04:02:56 PM
Catccc-

congratulations on passing the $1,000,000 mark. But you seriously need to get a handle on tracking your age. If you can miss that by 2.5%, measuring net worth is going to be even harder.

+1

thank you, LOL! 

I was talking with a coworker and she explained how (she thinks) I messed this one up...  According to her, it's because I spent the whole year after I turned 38 thinking, "wow, 39 is next, I can't believe 40 is around the corner."  Then after a few months, it became "wow, 39, I can't believe 40 is around the corner."  Then a few months later, it was "40 is around the corner."  I keep much better tabs on my investment account balances than my age, ha ha!

Title: Re: Race from 500k to 1M!
Post by: talltexan on August 15, 2018, 09:41:23 AM
Another possibility--perhaps more remote--is that you somehow got switched with a version of yourself from the future. Do you notice odd things happening that you're sure happened a while ago?

**checks stock market: How odd, the SP500 is at 2,813 again? Could have sworn it was there a few months ago...
Title: Re: Race from 500k to 1M!
Post by: Chairman on August 19, 2018, 08:15:22 AM
Joining the club.

...

Not sure when/if I'll get to 1m; may semi-FIRE before then.
...

If the market were to stay flat, would probably hit 1m investible around 6 months from now.
Quarterly update, November 2017:

....

Not declaring victory yet though until I have 1m investible and no debt to the bank.
Quarterly update, February 2018:

...

Quarterly update, May 2018:

...

So, net worth hits $1.5m for the first time (up $530k YoY), and now we're above $1.1m in liquid/investible assets (up $388k YoY). Currently $23k away from having enough to pay off all debt (gap closed by $485k YoY, debt down $97k YoY) and still have $1m liquid/investible. Once I have that, I'll be ready to declare victory (and graduation from this thread).
Quarterly update, August 2018:
Net worth drops back down to where it was 6 months ago (whoops, but still up $273k YoY, and still over $1m in liquid/investible). Currently $19k away from having enough to pay off all debt (gap closed $280k YoY, debt down $78k YoY) and still have $1m liquid/investible. My numbers are heading south and I am planning on spending a bit on the home before the end of the year so expect my liquid funds to drop down further. Now all I need is a massive global crash to teach me the errors of my ways.
Title: Re: Race from 500k to 1M!
Post by: SCUBAstache on August 19, 2018, 10:45:31 AM
I'm continuing to bounce around in the 800 - 850k range, nearly 30k in medical expenses plus the sorta flat market recently hasn't helped! But I got good news at work that means I will be rent-free in 2019... so maybe that will be my year to hit the two comma club. Congrats to all the recent millionaires!

End of March clocking in at 839k. With 3 paychecks, and a tax return of around 1.5 pay checks, I was excited to reach 850k this month. But the market had other plans. Womp womp. My total assets are still a tad above 1MM which is pretty cool - though I think my home value is a bit inflated at the moment.

February 2018: 827k
January 2018: 831k
December 2017: 812k
December 2016: 650k
December 2015: 487k
December 2014: 412k
December 2013: 350k
Title: Re: Race from 500k to 1M!
Post by: catccc on August 21, 2018, 12:39:04 PM
Another possibility--perhaps more remote--is that you somehow got switched with a version of yourself from the future. Do you notice odd things happening that you're sure happened a while ago?

**checks stock market: How odd, the SP500 is at 2,813 again? Could have sworn it was there a few months ago...
ha ha!


aaand, we're back!  We are again millionaires.  DH says our next goal should be to far enough past it to stop these dips back under the million mark.  I feel like a lot of people plan to pull the plug before they even hit $1M, but that can't support our current spending, which is just under $60K/year.  I am hesitant to pull that back as we are relatively happy with our current lifestyle.  I also don't really anticipate any other income source after we pull the plug.  It seems like most people that hit FI don't just hit it with investments.  They've got some real estate, or blog income, or something.  I think I need to find people that just read and hike or otherwise lead lives of leisure after RE and see how it works out for them.
Title: Re: Race from 500k to 1M!
Post by: gerardc on August 21, 2018, 10:16:02 PM
It seems like most people that hit FI don't just hit it with investments.  They've got some real estate, or blog income, or something.

That could make for an interesting poll actually. Who has FIREd with invested stash alone? (no paid-off house, real estate, side gigs, business income, pension, etc.). Hope that works because that's what I'll be doing!
Title: Re: Race from 500k to 1M!
Post by: letsdoit on August 22, 2018, 09:09:52 AM
It seems like most people that hit FI don't just hit it with investments.  They've got some real estate, or blog income, or something.

That could make for an interesting poll actually. Who has FIREd with invested stash alone? (no paid-off house, real estate, side gigs, business income, pension, etc.). Hope that works because that's what I'll be doing!


me too.  it's starting to seem like a long haul.  espec once the kids come 
Title: Re: Race from 500k to 1M!
Post by: talltexan on August 23, 2018, 08:46:12 AM
While I accept the logic of the 4% rule, depending entirely on your investments with no other recourse seems...riskier. I think about the possibilities to earn other money, either through part-time work, a lifestyle business, or a rental property, and how those would give you something to do instead of worrying when the next bear market comes. Sequence-of-returns risk is a bigger catastrophe if those other elements are not present.
Title: Re: Race from 500k to 1M!
Post by: Candace on August 23, 2018, 08:53:35 AM
It seems like most people that hit FI don't just hit it with investments.  They've got some real estate, or blog income, or something.

That could make for an interesting poll actually. Who has FIREd with invested stash alone? (no paid-off house, real estate, side gigs, business income, pension, etc.). Hope that works because that's what I'll be doing!

I did. Steady investing since leaving graduate school. No side business, no rental property, no paid off house. There are surely many others like me.
Title: Re: Race from 500k to 1M!
Post by: RWD on August 23, 2018, 10:24:30 AM
While I accept the logic of the 4% rule, depending entirely on your investments with no other recourse seems...riskier. I think about the possibilities to earn other money, either through part-time work, a lifestyle business, or a rental property, and how those would give you something to do instead of worrying when the next bear market comes. Sequence-of-returns risk is a bigger catastrophe if those other elements are not present.

Like Social Security?

In theory I plan to pull the plug right around 4% and rely on index funds only. In practice we'll have a ton of safety nets. My wife will likely continue working due to passion for her research. There's a good chance we'll receive inheritances from both sets of parents. I could receive income from one of my websites. And Social Security should be nonzero as well.
Title: Re: Race from 500k to 1M!
Post by: BluePhoenix75 on August 26, 2018, 07:24:44 PM
August 2018 Update:

Our Stash (NW):
1/2018 - $565,049
2/2018 - $560,628
3/2018 - $573,526
5/2018 - $601,628
6/2018 - $624,739
7/2018 - $641,020
8/2018 - $654,685
Title: Re: Race from 500k to 1M!
Post by: monarda on August 26, 2018, 07:58:02 PM

             cash+rental equity       add primary residence equity
1/2016      $507K                         $627K
1/2017      $625K                         $797K

9/2017      $784K                         $904K

12/2017    $762K                         $903K  - remodeling primary residence! When project is done, big increase in equity!

3/2018     $725K                          $866K - still remodeling. Framing and all exterior done, all bills paid! (to contractors)

6/2018     $763K                          $910K    Hmmm. Zillow values for rental properties went way up. Making progress on the remodel.  Plumbing, insulation, electrical done. Just drywall, flooring remains!

1MM dates now   12/2020              2/2019

9/2018    $830K           $945K   We're painting this weekend! Just flooring and trim left on the remodel!  Cash went up because we paid off a bunch of credit card debt with HELOC. (0%promo rate was ending)
Title: Re: Race from 500k to 1M!
Post by: OurTown on August 27, 2018, 08:54:22 AM
We are about to pop over 500 invested.  It won't happen by the end of the month, but it is very plausible in September.
Title: Re: Race from 500k to 1M!
Post by: boarder42 on August 28, 2018, 06:00:58 AM
Invest / total
6/24/16 - 362k / 500k NW
12/1/16 - 404k / 550k NW
1/1/17 - 450k / 600k NW
2/1/17 - 462k / 607k NW
5/1/17 - 514k / 666k NW
6/1/17 - 526k / 673k NW
7/1/17 - 542k / 691k NW
8/1/17 - 557k / 707k NW
11/1/17 - 603k / 753k NW
12/1/17 - 625k / 775k NW
01/1/18 - 651k /805k NW
02/1/18 - 681k / 831k NW
03/1/18 - 660k / 811k NW
6/15/18 - 750k / 950k NW
08/1/18 - 762k / 967k NW

Man we are so close 990k NW today.  been a good month in the markets.  When you get this close you just start thinking about all the dumb crap you own that you could have not purchased haha.
Title: Re: Race from 500k to 1M!
Post by: onlykelsey on August 28, 2018, 07:01:40 AM
Invest / total
6/24/16 - 362k / 500k NW
12/1/16 - 404k / 550k NW
1/1/17 - 450k / 600k NW
2/1/17 - 462k / 607k NW
5/1/17 - 514k / 666k NW
6/1/17 - 526k / 673k NW
7/1/17 - 542k / 691k NW
8/1/17 - 557k / 707k NW
11/1/17 - 603k / 753k NW
12/1/17 - 625k / 775k NW
01/1/18 - 651k /805k NW
02/1/18 - 681k / 831k NW
03/1/18 - 660k / 811k NW
6/15/18 - 750k / 950k NW
08/1/18 - 762k / 967k NW

Man we are so close 990k NW today.  been a good month in the markets.  When you get this close you just start thinking about all the dumb crap you own that you could have not purchased haha.

I'm not quite that high (maybe 780 in a couple days, in Manhattan) but I literally got petulant about saving money all the time, looked at my personal capital, and went out and dropped 20 bucks on lunch yesterday.  Whoops.
Title: Re: Race from 500k to 1M!
Post by: OurTown on August 28, 2018, 07:21:50 AM
Invest / total
6/24/16 - 362k / 500k NW
12/1/16 - 404k / 550k NW
1/1/17 - 450k / 600k NW
2/1/17 - 462k / 607k NW
5/1/17 - 514k / 666k NW
6/1/17 - 526k / 673k NW
7/1/17 - 542k / 691k NW
8/1/17 - 557k / 707k NW
11/1/17 - 603k / 753k NW
12/1/17 - 625k / 775k NW
01/1/18 - 651k /805k NW
02/1/18 - 681k / 831k NW
03/1/18 - 660k / 811k NW
6/15/18 - 750k / 950k NW
08/1/18 - 762k / 967k NW

Man we are so close 990k NW today.  been a good month in the markets.  When you get this close you just start thinking about all the dumb crap you own that you could have not purchased haha.

Things I think about:  1) my two divorces!!!!!  2) my initial major/career choices in college and grad school.  3) drinking for 29 years.

Had I chosen differently I would be a multi-millionaire today.  If I could lecture my younger self, I would advise him to marry right the first time, get a law degree in his early 20s instead of in mid-life, and lay off the booze.

But we only live in the present moment so onward and upward.
Title: Re: Race from 500k to 1M!
Post by: letsdoit on August 28, 2018, 08:55:02 AM
invest:  545k
Title: Re: Race from 500k to 1M!
Post by: gerardc on August 28, 2018, 09:25:00 AM
Invest / total
6/24/16 - 362k / 500k NW
12/1/16 - 404k / 550k NW
1/1/17 - 450k / 600k NW
2/1/17 - 462k / 607k NW
5/1/17 - 514k / 666k NW
6/1/17 - 526k / 673k NW
7/1/17 - 542k / 691k NW
8/1/17 - 557k / 707k NW
11/1/17 - 603k / 753k NW
12/1/17 - 625k / 775k NW
01/1/18 - 651k /805k NW
02/1/18 - 681k / 831k NW
03/1/18 - 660k / 811k NW
6/15/18 - 750k / 950k NW
08/1/18 - 762k / 967k NW

Man we are so close 990k NW today.  been a good month in the markets.  When you get this close you just start thinking about all the dumb crap you own that you could have not purchased haha.

Does the real estate you own fit into this category? (I assume the difference between NW and invested is a paid off house)
Imagine all the VTSAX you could have if you were a renter!
Title: Re: Race from 500k to 1M!
Post by: RWD on August 28, 2018, 09:29:34 AM
When you get this close you just start thinking about all the dumb crap you own that you could have not purchased haha.

Does the real estate you own fit into this category? (I assume the difference between NW and invested is a paid off house)
Imagine all the VTSAX you could have if you were a renter!

Have you not read boarder42's posts before? I think I'll die of shock if his house is paid off.
Title: Re: Race from 500k to 1M!
Post by: Roots&Wings on August 28, 2018, 10:48:22 AM
When you get this close you just start thinking about all the dumb crap you own that you could have not purchased haha.

Does the real estate you own fit into this category? (I assume the difference between NW and invested is a paid off house)
Imagine all the VTSAX you could have if you were a renter!

Have you not read boarder42's posts before? I think I'll die of shock if his house is paid off.

Well the numbers above show $205k of paid off house, unless there's another explanation.
Title: Re: Race from 500k to 1M!
Post by: OurTown on August 28, 2018, 10:56:31 AM
I usually assume that when people list total net worth that includes everything, and when they list 'stache or "invested" net worth that means retirement accounts and brokerage accounts.  So, for example, in my case the difference between "invested" and "total" is my home equity in my residence plus whatever I have in cash accounts, i.e. an emergency fund. 

If you have investment real estate (which I don't) that produces income I assume you include any equity in your "invested" net worth number.
Title: Re: Race from 500k to 1M!
Post by: RWD on August 28, 2018, 11:24:14 AM
When you get this close you just start thinking about all the dumb crap you own that you could have not purchased haha.

Does the real estate you own fit into this category? (I assume the difference between NW and invested is a paid off house)
Imagine all the VTSAX you could have if you were a renter!

Have you not read boarder42's posts before? I think I'll die of shock if his house is paid off.

Well the numbers above show $205k of paid off house, unless there's another explanation.

There is some home equity for sure, but knowing boarder42 (https://forum.mrmoneymustache.com/throw-down-the-gauntlet/dont-payoff-your-mortgage-club/) that is mostly a down payment plus house appreciation. Other non-invested assets can include checking/savings accounts, cars, boats, heirlooms, etc. Depends on the person how/if they account for those.
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on August 28, 2018, 11:27:32 AM
"Paid off" is generally interpreted to mean cmpletely paid off.  That is not the implication of boarder42's numbers.  Merely some equity on a home with presumably a remaining amount under mortgage. 

Including equity in your home is entirely appropriate and conventional for TNW, though it does require a bit of estimation for valuation.

Has boarder42 expressed some opinion about mortgages? /sarcasm
Title: Re: Race from 500k to 1M!
Post by: boarder42 on August 28, 2018, 11:51:39 AM
yeah the difference is equity gained in a house that we put 20% down on 2.5 years ago.  i have a 3.25% fixed rate for 30 years we're not paying that off before 2046.  One of the reasons' we're so close to 1MM total networth is buying the right house at the right time(i know my very small local market and we arent in a HCOL but our house price is similar to those that do live there).  If we had invested and rented our Networth wouldnt be nearly as high.  we've seen around 100k after fees(if we sold) in appreciation on our house in the last 2.5 years.  the money we have in the house is less than 100k ... the market as good as its been hasnt produced that kind of return.  I'm currently evaluating some HEL options to get some more cash back.  really hoping a perfect storm happens in the next couple years for us to capitalize on - that being a market 20-30% pull back coupled with an influx of cash into bonds dropping rates back down into the 3s and pulling that cash out and dumping it into the market. 
Title: Re: Race from 500k to 1M!
Post by: sisto on August 28, 2018, 11:53:35 AM
Invest / total
6/24/16 - 362k / 500k NW
12/1/16 - 404k / 550k NW
1/1/17 - 450k / 600k NW
2/1/17 - 462k / 607k NW
5/1/17 - 514k / 666k NW
6/1/17 - 526k / 673k NW
7/1/17 - 542k / 691k NW
8/1/17 - 557k / 707k NW
11/1/17 - 603k / 753k NW
12/1/17 - 625k / 775k NW
01/1/18 - 651k /805k NW
02/1/18 - 681k / 831k NW
03/1/18 - 660k / 811k NW
6/15/18 - 750k / 950k NW
08/1/18 - 762k / 967k NW

Man we are so close 990k NW today.  been a good month in the markets.  When you get this close you just start thinking about all the dumb crap you own that you could have not purchased haha.
Your NW and my Investments + Cash has been tracking pretty close together for months now. It's been driving me crazy being so close for so long. I hit 1M for TNW some time ago, I will be really happy when LNW hits it.
Title: Re: Race from 500k to 1M!
Post by: OurTown on August 28, 2018, 12:20:15 PM
$100k appreciation in 2.5 years is pretty intense.  We have seen about $60k appreciation in our fmv in about 8 years. 
Title: Re: Race from 500k to 1M!
Post by: boarder42 on August 28, 2018, 12:44:00 PM
$100k appreciation in 2.5 years is pretty intense.  We have seen about $60k appreciation in our fmv in about 8 years.

when you buy it at the end of the market bottom for about 40-60k under value at the time then the market recovers rapidly as it has recently things get pretty good. we paid 440k zillow has ranged between 560k and 600k over the last few months.  We dont plan to move or sell but we timed the market correctly. I'd been looking for lake front homes in my community for 3 years and had ranch as a criteria but this one sat and sat and sat b/c it was over priced then sold and the new buyer was relocated before they could move it so it sat longer and when houses sit they lose value so I broke down and decided i'd take the inefficiency of a 1.5 story since it was lake front and the right deal.  i do not enjoy 300 dollar electric bills 3 months in the summer time but other than that its been a baller place to live - walk out the back door throw a paddle board in or pick up the family and go surfing ... its a pretty anti mustachian place but its brought us great returns in our NW and life happiness categories.
Title: Re: Race from 500k to 1M!
Post by: OurTown on August 28, 2018, 01:19:34 PM
Ours was also a "relo."  We bought in 2010 which was rock-bottom for our real estate market here.  The house may be too big for us once we become empty nesters.  One way we might cash out the equity is to downsize to a smaller place.  Or, we can just use the whole space for our extravagant lifestyle.  I thought about converting the upstairs family room into at "50 Shade of Gray" room, but I think we will settle for some exercise equipment.
Title: Re: Race from 500k to 1M!
Post by: JGS1980 on August 28, 2018, 01:55:01 PM
Ours was also a "relo."  We bought in 2010 which was rock-bottom for our real estate market here.  The house may be too big for us once we become empty nesters.  One way we might cash out the equity is to downsize to a smaller place.  Or, we can just use the whole space for our extravagant lifestyle.  I thought about converting the upstairs family room into at "50 Shade of Gray" room, but I think we will settle for some exercise equipment.

Is there such a thing as "TMI" from obscure anonymous internet forum posters?
Title: Re: Race from 500k to 1M!
Post by: OurTown on August 28, 2018, 02:06:17 PM
You're right, probably TMI. 

Actually Zillow has our appreciation even higher now.  Purchase price was 191 (for 3200 sq/ft).  Current fmv on Zillow is 264.
Title: Re: Race from 500k to 1M!
Post by: gerardc on August 28, 2018, 10:44:59 PM
One of the reasons' we're so close to 1MM total networth is buying the right house at the right time(i know my very small local market and we arent in a HCOL but our house price is similar to those that do live there).  If we had invested and rented our Networth wouldnt be nearly as high.  we've seen around 100k after fees(if we sold) in appreciation on our house in the last 2.5 years.  the money we have in the house is less than 100k ... the market as good as its been hasnt produced that kind of return.

Well yeah, buying with a down payment instantly increases your leverage by a long shot, so any market gain will be 5Xed and any market loss will easily go below -100% of your investment. I'm not sure if you're trying to pass that off as a reproducible strategy or just luck from the last few years gain?

Although I agree if you have a job or in-demand skills the leverage risk is much lower than leveraging the stock market with a margin account, because AFAIK real estate isn't callable as easily as a margin account, so in the long run you should be winning... assuming your (non-diversified) investment is doing well.
Title: Re: Race from 500k to 1M!
Post by: letsdoit on August 29, 2018, 06:56:21 AM
i think they meant they were going to paint it w 50 diff shades of grey
Title: Re: Race from 500k to 1M!
Post by: boarder42 on August 29, 2018, 08:39:14 AM
One of the reasons' we're so close to 1MM total networth is buying the right house at the right time(i know my very small local market and we arent in a HCOL but our house price is similar to those that do live there).  If we had invested and rented our Networth wouldnt be nearly as high.  we've seen around 100k after fees(if we sold) in appreciation on our house in the last 2.5 years.  the money we have in the house is less than 100k ... the market as good as its been hasnt produced that kind of return.

Well yeah, buying with a down payment instantly increases your leverage by a long shot, so any market gain will be 5Xed and any market loss will easily go below -100% of your investment. I'm not sure if you're trying to pass that off as a reproducible strategy or just luck from the last few years gain?

Although I agree if you have a job or in-demand skills the leverage risk is much lower than leveraging the stock market with a margin account, because AFAIK real estate isn't callable as easily as a margin account, so in the long run you should be winning... assuming your (non-diversified) investment is doing well.

i'm not stating this as replicable just responding to the comment that if i didnt have a house and rented i'd be closer to 1MM ... i'd be farther from 1MM.  in my area renting will almost always land you at a lower NW than purchasing a home b/c the cost of housing is much cheaper compared to the cost of renting - the rent vs buy is completely location dependent so your statement above that'd i'd have a higher NW renting and investing is false for more areas than it is true for most of this country i'd guess.
Title: Re: Race from 500k to 1M!
Post by: whywork on August 29, 2018, 06:20:16 PM
All,

Happy to report that my networth hit an ALL TIME HIGH today with the super aggressive market returns for the past few days

I'm now at 701k, crossing 700K for the first time in my life. yayyyyyy!!!!

I expect to grow my networth aggressively from here on and I am targeting to hit the double comma milestone in roughly an year and half time. I know that sounds super aggressive especially with a single income salary but I am really aiming for it and hope to achieve with my super aggressive approach
Title: Re: Race from 500k to 1M!
Post by: gerardc on August 29, 2018, 07:58:39 PM
All,

Happy to report that my networth hit an ALL TIME HIGH today with the super aggressive market returns for the past few days

I'm now at 701k, crossing 700K for the first time in my life. yayyyyyy!!!!

I expect to grow my networth aggressively from here on and I am targeting to hit the double comma milestone in roughly an year and half time. I know that sounds super aggressive especially with a single income salary but I am really aiming for it and hope to achieve with my super aggressive approach

spotted your favorite word... so what's your aggressive approach?
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on August 29, 2018, 08:24:18 PM
All,

Happy to report that my networth hit an ALL TIME HIGH today with the super aggressive market returns for the past few days

I'm now at 701k, crossing 700K for the first time in my life. yayyyyyy!!!!

I expect to grow my networth aggressively from here on and I am targeting to hit the double comma milestone in roughly an year and half time. I know that sounds super aggressive especially with a single income salary but I am really aiming for it and hope to achieve with my super aggressive approach

spotted your favorite word... so what's your aggressive approach?


Hehe.  Yeah, sounds like a quote from Boiler Room.   What could go wrong, amirite?   

Its good to be excited by crossing a financial milestone.  But you better recognize that good times come and good times go.  You should be psychologically and financially prepared for what happens to "aggressive" portfolios when the worm turns.
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on August 29, 2018, 08:27:19 PM
Score! I got top of the page break this time! Normally, my insightful and witty posts get lost at the bottom of the break!  Sorry, Gerardc.  You can bask in the reflected light from my top of page post. 
Title: Re: Race from 500k to 1M!
Post by: whywork on August 30, 2018, 12:14:20 AM
https://www.youtube.com/watch?v=4zhco2PA-TM
Title: Re: Race from 500k to 1M!
Post by: onlykelsey on August 30, 2018, 06:56:34 AM
As a reminder mostly to myself, in this thread I am tracking personal assets (not shared or soon-to-be kid's college savings) using personalcapital.

December 2013: 142K
March 2014: 178K
June 2014: 191K
September 2014: 205K
December 2014: 231K
March 2015: 232K (I self financed half a wedding this quarter, and began subsidizing now husband)
June 2015: 249K
September 2015: 272K (a new~30K in debt showed in this quarter from the first half of a 60K roof assessment I didn't have cash on hand for)
December 2015: 326K
March 2016: 342K
June 2016: 389K
September 2016: 457K (began booking a 4540K "liability" that I would incur if I wanted to liquidate my condo, which I include in this NW total)
December 2016: 511K (+185K year on year)
March 2017: 599K (I am guessing on numbers for the end of the month, but should be +/- 2K, +142K year on year)

I am towards the end of maternity leave.  I am sure the saving/investing pace won't keep up when I start paying daycare (and maybe working a 70 or 80% schedule for a couple months), but not too bad for being off work!
June 2017: 603K
September 2017: 639K
December 2017: 698K
March 2018: 667K (drop is due to someone having conducted a fire sale of their condo in our very small building during a divorce)
June 2018: 689K
July 2018: 723K  I guess I shouldn't be surprised given my husband's income struggles and how expensive daycare + health insurance is, but at least I'm making progress.  I just switched back to 100% hours so started getting a small bump.  I need to kick my husband's a$$ in to gear on the earning side and buckle down on the restaurants, I think.
[/quote]
August 2018: 749K, YTD: +51K  Not super impressive given the market this year.  I may need to pay more attention to my personalcapital or start calculating manually, because it doesn't seem quite right.  I've maxed my 401K and backdoor IRA (~24K), and invested 42K in my taxable brokerage.  Something isn't adding up. 
Title: Re: Race from 500k to 1M!
Post by: catccc on August 30, 2018, 07:28:01 AM

It seems like most people that hit FI don't just hit it with investments.  They've got some real estate, or blog income, or something.

That could make for an interesting poll actually. Who has FIREd with invested stash alone? (no paid-off house, real estate, side gigs, business income, pension, etc.). Hope that works because that's what I'll be doing!

I did end up posting a question about it the ask a mustachian subforum...  I got a few responses.  But I asked who had actually done it.  Maybe it would be good to ask who else is planning on doing it.  If anyone wants to post a poll, go for it!  I'd be interested to see the results.  I have a feeling that of those who plan on living on stash w/o side gigs or other income, a majority will at least have a paid off house.  I very likely will not, unless I buy and pay off a house in the next few years, and I don't have plans for that right now.

me too.  it's starting to seem like a long haul.  espec once the kids come

fwiw, we have 2 kiddos, and 'spend less than you earn and invest the rest is working pretty well.'  We got married in January 2008 and our NW was about somewhere between $155K and $163K at the time.  10 years later, our NW is $1M.  Despite 5 years of stay at home parenting, kids that were supposed to be expensive but really aren't, no RE wins (no RE at all), etc.  IDK how it will all pan out in retirement quite yet, but I'm hopeful.
Title: Re: Race from 500k to 1M!
Post by: onlykelsey on August 30, 2018, 07:32:20 AM

It seems like most people that hit FI don't just hit it with investments.  They've got some real estate, or blog income, or something.

That could make for an interesting poll actually. Who has FIREd with invested stash alone? (no paid-off house, real estate, side gigs, business income, pension, etc.). Hope that works because that's what I'll be doing!

I did end up posting a question about it the ask a mustachian subforum...  I got a few responses.  But I asked who had actually done it.  Maybe it would be good to ask who else is planning on doing it.  If anyone wants to post a poll, go for it!  I'd be interested to see the results.  I have a feeling that of those who plan on living on stash w/o side gigs or other income, a majority will at least have a paid off house.  I very likely will not, unless I buy and pay off a house in the next few years, and I don't have plans for that right now.

me too.  it's starting to seem like a long haul.  espec once the kids come

fwiw, we have 2 kiddos, and 'spend less than you earn and invest the rest is working pretty well.'  We got married in January 2008 and our NW was about somewhere between $155K and $163K at the time.  10 years later, our NW is $1M.  Despite 5 years of stay at home parenting, kids that were supposed to be expensive but really aren't, no RE wins (no RE at all), etc.  IDK how it will all pan out in retirement quite yet, but I'm hopeful.
FWIW, I plan on retiring on a stash alone, although I may sort of half-retire and keep working part-time if I can find a position.

I only have one kid, and he has been a real drag on my accumulation, ha.  I've kept kid "stuff" to a real minimum (hand me downs from an opposite sex cousin?  Yes, please!), but the daycare costs are more than my mortgage.  @letsdoit make sure you factor in daycare/nanny/sitter, insurance, 529/whatever, and increased travel costs to your budget.  also note that, at least in my city, daycare price growth has WAY outpaced inflation... not sure what is true in your area.
Title: Re: Race from 500k to 1M!
Post by: JGS1980 on August 30, 2018, 10:19:21 AM
All,

Happy to report that my networth hit an ALL TIME HIGH today with the super aggressive market returns for the past few days

I'm now at 701k, crossing 700K for the first time in my life. yayyyyyy!!!!

I expect to grow my networth aggressively from here on and I am targeting to hit the double comma milestone in roughly an year and half time. I know that sounds super aggressive especially with a single income salary but I am really aiming for it and hope to achieve with my super aggressive approach

I saw some previous posts of yours, Whywork, and this may be none of my business.... BUT... beware your tech-happy slicing and FANG dicing. This may work great when stocks are all on the rise, but when things hit the fan, it is often these individual stocks and sector weighting that goes crumbling much faster than the overall stock market. You're way ahead right now, take the gains and pat yourself on the back.

I know you are trying to get to FI ASAP, but having a 15% year on year gain vs a 10% gain will only accelerate your FI by 1 year if you are putting 140K away a year. What's most important is your saving rate (which appears awesome), not your return.

FWIW,

JGS
Title: Re: Race from 500k to 1M!
Post by: tightwaddy on August 31, 2018, 05:37:19 AM
I woke up a millionaire (Total NW) this morning. Sticking with this thread until the Stash is there.

Stash (NW):
April 9, 2016:  $319,737
April 16, 2017: $379,833

March 8, 2018: $500,818
March 30, 2018: $505,467 ($924,670)
April 30, 2018:  $510,215 ($937,731)
May 31, 2018: $514,410 ($950,830)
June 30, 2018 $525,227 ($964,045)
July 31, 2018: $535,419 ($984,617)
August 31, 2018: $557,743 ($1,011,442)
Title: Re: Race from 500k to 1M!
Post by: onlykelsey on August 31, 2018, 06:46:33 AM
I woke up a millionaire (Total NW) this morning. Sticking with this thread until the Stash is there.

Congrats! Is the rest home equity? that is a lot of home equity!
Title: Re: Race from 500k to 1M!
Post by: JGS1980 on August 31, 2018, 07:22:14 AM
I woke up a millionaire (Total NW) this morning. Sticking with this thread until the Stash is there.

Stash (NW):
April 9, 2016:  $319,737
April 16, 2017: $379,833

March 8, 2018: $500,818
March 30, 2018: $505,467 ($924,670)
April 30, 2018:  $510,215 ($937,731)
May 31, 2018: $514,410 ($950,830)
June 30, 2018 $525,227 ($964,045)
July 31, 2018: $535,419 ($984,617)
August 31, 2018: $557,743 ($1,011,442)

Congrats TightWaddy!!!
Title: Re: Race from 500k to 1M!
Post by: salt cured on August 31, 2018, 07:36:47 AM
Smaller increase this month due to painting house exterior.

Aug17:$488k
Sep17:$507k
Oct17:$526k
Nov17:$546k
Dec17:$566k
Jan18:$612k
Feb18:$603k
Mar18:$599k
Apr18:$612k
May18:$630k
Jun18:$656k
Jul18:$692k
Aug18:$702k

Edit: I just noticed we're a year into this race. No complaints as we're up $214k. Targeting 3/2020 to hit $1000K.
Title: Re: Race from 500k to 1M!
Post by: Ladychips on August 31, 2018, 08:10:28 AM

         Investments/cash     Net worth

5/18 - $503,164               $742,902
6/18 - $506,463               $747,871
7/18 - $520,768               $764,243

8/18 - $542,574         $787,745

and the world keeps spinning. 
Title: Re: Race from 500k to 1M!
Post by: TheAnonOne on August 31, 2018, 08:48:54 AM
Returning to update . . .

2015 DEC:252k<- Crossed 250k
--
2016 JAN:260k(+8k)
2016 FEB:281k(+21k)
2016 MAR:285k(+4k)
2016 APR:298k(+13k)
2016 MAY:305k(+7k)
2016 JUN:307k(+2k)
2016 JUL:320k(+13k)
2016 AUG:326k(+6k)
2016 SEP:336k(+10k)
2016 OCT:337k(+1k)
2016 NOV:361k(+24k)
2016 DEC:368k(+7k)
--
2017 JAN:382k(+14k)
2017 FEB:403k(+21k)
2017 MAR:416k(+13k)
2017 APR:427k(+11k)
2017 MAY:436k(+9k)
2017 JUN:449k(+13k)
2017 JUL:464k(+15k)
2017 AUG:478k(+14k)
2017 SEPT:494k(+16k)
2017 OCT:510k(+16k) <- Crossed 500k
2017 NOV:523k(+13k)
2017 DEC:534k(+11k)
--
2018 JAN:558k(+24k)
2018 FEB:569k(+11k)
2018 MAR:560k(-9k)
2018 APR:574k(+14k/+5k)
2018 MAY:575k(+1k)
2018 JUNE:575k(+0)
2018 JULY:599k(+24)
2018 AUG:620k(+21)

Officially broke 600k after narrowly missing it last month!

I remain 100% stocks but I am building out my international side with new cash. Hopefully getting to 10-20% by year end. Only around 5% right now.
Title: Re: Race from 500k to 1M!
Post by: RWD on August 31, 2018, 11:11:32 AM
2018 AUG:620k(+21)

Officially broke 600k after narrowly missing it last month!

I remain 100% stocks but I am building out my international side with new cash. Hopefully getting to 10-20% by year end. Only around 5% right now.
Nice, we're still neck and neck! We also had about a $20k increase this month. I haven't finalized numbers but I think we're between $635k and $640k.

I also worked on bringing our asset allocation into line with the IPS this year. Finally up to 25% international and 15% bonds. I took advantage of a rollover to reallocate a bunch at once.
Title: Re: Race from 500k to 1M!
Post by: Trifele on August 31, 2018, 11:30:48 AM
Tracking retirement accounts (excludes house, 529 plans, and cash):

5/1/17 --    $631k     
6/1/17 --    $647k (+$16k)     
7/1/17 --    $655k (+$8k)   
8/1/17 --    $665k (+$10k)   
9/1/17 --    $672k (+$7k)   
10/1/17 --  $684k (+$12k)   
11/1/17 --  $702k (+$18k)
12/1/17 --  $724k (+$22k)

1/1/18  --   $731k (+$7k)
2/1/18  --   $761k (+$30k)
3/1/18  --   $737k (-$24k)
4/1/18 --    $731k (-$6k)
5/1/18 --    $738k (+$7k)
6/1/18 --    $747k (+$9k)
7/1/18 --    $744k (-$3k)
8/1/18 --    $761k (+$17k)
9/1/18 --    $776k (+$15k)
Title: Re: Race from 500k to 1M!
Post by: TheAnonOne on August 31, 2018, 01:04:51 PM
2018 AUG:620k(+21)

Officially broke 600k after narrowly missing it last month!

I remain 100% stocks but I am building out my international side with new cash. Hopefully getting to 10-20% by year end. Only around 5% right now.
Nice, we're still neck and neck! We also had about a $20k increase this month. I haven't finalized numbers but I think we're between $635k and $640k.

I also worked on bringing our asset allocation into line with the IPS this year. Finally up to 25% international and 15% bonds. I took advantage of a rollover to reallocate a bunch at once.

Ha! You seem to be edging me out. I predict in the race to 2m thread you'll have me by a few hundred grand!
Title: Re: Race from 500k to 1M!
Post by: BriarRose111 on August 31, 2018, 02:04:16 PM
End of month update - Like a few others, I broke $600K (total NW) this month.  It was good to see another milestone within the same year.  :-)

Liquid assets / Net worth

Jan 2018 $415.5K / $508K
Jun 2018  $518.8K / $578.4K
Jul  2018  $528.3K / $588.2K
Aug 2018  $543K  / $603.2K
Title: Re: Race from 500k to 1M!
Post by: tightwaddy on August 31, 2018, 02:51:48 PM
I woke up a millionaire (Total NW) this morning. Sticking with this thread until the Stash is there.

Congrats! Is the rest home equity? that is a lot of home equity!

Thanks!  Yes, ~$450k in home equity.   We made a huge profit on our first house (sold for 2.5 times what we paid) and rolled it all into this house and paid off the mortgage in 10 years before we really understood MMM.
Title: Re: Race from 500k to 1M!
Post by: OurTown on August 31, 2018, 03:44:52 PM
1/1/15 = $266
2/1/15 = $269
3/1/15 = $278
4/1/15 = $280
5/1/15 = $284
6/1/15 = $295
7/1/15 = $298
8/1/15 = $338
9/1/15 = $335
10/1/15 = $339
11/1/15 = $357
12/1/15 = $365

1/1/16 = $374
2/1/16 = $373
3/1/16 = $379
4/1/16 = $391
5/1/16 = $398
6/1/16 = $406
7/1/16 = $415
8/1/16 = $426
9/1/16 = $424
10/1/16 = $427
11/1/16 = $428
12/1/16 = $438

1/1/17 = $461
2/1/17 = $471
3/1/17 = $482
4/1/17 = $479
5/1/17 = $492
6/1/17 = $500
7/1/17 = $508
8/1/17 = $518
9/1/17 = $523
10/1/17 = $543
11/1/17 = $550
12/1/17 = $558

1/1/18 = $580
2/1/18 = $593
3/1/18 = $589
4/1/18 = $587
5/1/18 = $603
6/1/18 = $617
7/1/18 = $612
8/1/18 = $623
9/1/18 = $639
Title: Re: Race from 500k to 1M!
Post by: Arbitrage on August 31, 2018, 05:34:48 PM
Liquid NW / Total NW

1/1/16: $455k / 675k
1/1/17: $555k / 822k
1/1/18: $735k / 1.071M
5/17/18: $765k / 1.112M
6/29/18: $773k / 1.137M
7/31/18: $795k / 1.170M
8/31/18: $813k / 1.189M
Title: Re: Race from 500k to 1M!
Post by: skip207 on September 01, 2018, 01:14:15 AM
01/01/17 £374668
01/01/18 £497097
01/02/18 £500655
01/03/18 £497804
01/04/18 £492551
01/05/18 £503531
01/06/18 £519609
01/07/18 £534656
01/08/18 £539771
01/09/18 £552418

Hoping to hit 575 by end of the year.
Title: Re: Race from 500k to 1M!
Post by: YellowCat on September 01, 2018, 05:37:12 AM
Jan 2017: $444,411
Feb 2017: $466,365 (+$21,954)
Mar 2017: $473,859 (+$7,494)
Apr 2017: $496,610 (+$22,751)
May 2017: $509,180 (+$12,570)
Jun 2017: $522,280 (+$13,100)
Jul 2017: $539,829 (+$17,549)
Aug 2017: $547,156 (+$7,327)
Sept 2017: $568,755 (+$21,599)
Oct 2017: $588,681 (+$19,926)
Nov 2017: $612,643 (+$23,962)
Dec 2017: $628,029 (+$15,386)
Jan 2018: $664,203 (+$36,174)
Feb 2018: $662,419 (-$1,784)
Mar 2018: $667,963 (+$5,544)
Apr 2018: $687,251 (+$19,288)
May 2018: $713,039 (+$25,788)
Jun 2018: $719,898 (+$6,859)
Jul 2018: $749,307 (+$29,409)
Aug 2018: $777,551 (+28,244)

We're up $149.5k so far this year....Hoping to hit $850k by 1/1/2019.
Title: Re: Race from 500k to 1M!
Post by: Zamboni on September 01, 2018, 06:03:06 AM
Numbers for end of month:
Month Year: Investments
June 2017: 504K
July 2017: 523K
Add in home value - debts; net worth as second number:
Aug 2017: 533K / 666K
Sep 2017: 539K / 679K
Oct 2017: 551K / 698K
Nov 2017: 561K / 711K
Dec 2017: 569K / 724K
Jan 2018: 589K / 751K
Feb 2018: 577K / 741K
May 2018: 585K / 744K
July 2018: 600K / 763K
Aug 2018: 618K / 779K

I like having this thread to see year over year numbers. Thank you for setting it up!

@letsdoit
Sabbatical will be for 7 months, although I do have to work (it's just a lot different than my normal work).


(https://tickers.TickerFactory.com/ezt/d/4;10501;125/st/20181215/e/Sabbatical%21/k/6f12/event.png)
 (https://www.TickerFactory.com/)
Title: Re: Race from 500k to 1M!
Post by: GoodToGrow on September 01, 2018, 07:39:46 AM
Hi Kids - been a lurker for about 6 months & finally signed up today (=

9/1 - $604,446
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on September 01, 2018, 10:48:44 AM
                 LNW      TNW
Jan 2018 -  846K  /  987K 
Feb 2018 -  880K / 1.02M     
Mar 2018 -  859K / 1.00M
Apr 2018 -  855K /   996K 
May 2018 - 856K /   999K   
Jun 2018  - 875K / 1.02M
Jul  2018  - 887K /  1.03M
Aug 2018  - 922K / 1.07M
Sep 2018  - 944K / 1.09M   

I joined this thread a year ago, when my numbers were:
Sep 2017 - 792K   /  931K 

Looking forward to getting that LNW number >1M. So close...
Title: Re: Race from 500k to 1M!
Post by: fiStressRelief on September 01, 2018, 03:08:11 PM
1/1/18   - 633k / 1.000M
2/1/18   - 668k / 1.034M
3/1/18   - 660k / 1.028M
4/1/18   - 665k / 1.032M
5/1/18   - 673k / 1.037M
8/1/18  - 719k / 1.086M

9/1/18  - 748k / 1.116M



Title: Re: Race from 500k to 1M!
Post by: 2Birds1Stone on September 01, 2018, 08:42:27 PM


Combined NW
8/1/2018 - $511,000
9/1/2018 - $519,000
Title: Re: Race from 500k to 1M!
Post by: Trifele on September 02, 2018, 04:58:43 AM
Hi Kids - been a lurker for about 6 months & finally signed up today (=

9/1 - $604,446

Welcome to the forum @GoodToGrow!  You split your time between Doha and Fano?  I hadn't heard of Fano, but just looked it up.  Nice! 
Title: Re: Race from 500k to 1M!
Post by: 2Old2RE on September 02, 2018, 02:43:09 PM
Ok I'm in.
 Just counting the stache. Too hard/too many assumptions for total NW.

401K              = 714,518.92
IRAs               = 118,165.46
Bank              =   31,542.13
Misc Accounts =   27,751.75

=891,978.26

Next update October 1st

Let the saving/shucking excess stuff begin.....
Title: Re: Race from 500k to 1M!
Post by: Sailor Sam on September 03, 2018, 05:08:57 PM
I 'graduated' from the Race from $250k to $500k, but never joined this thread. I forgot how much fun these gauntlet threads are. Thus, I'm joining in.

1-Jan-2011:  $82,795
1-Jan-2012:  $106,303
1-Jan-2013:  $147,328
1-Jan-2014:  $212,595
1-Jan-2015:  $264,308
1-Jan-2016:  $299,216

1-Jan-2017:  $371,623
1-Feb-2017:  $379,968
1-Mar-2017:  $402,448
1-Apr-2017:  $409,886
1-May-2017: $416,851
1-Jun-2017:  $421,488
1-Jul-2017:   $430,504
1-Aug-2017:  $441,599
1-Sep-2017:  $451,138
1-Oct-2017:  $466,532
1-Nov-2017:  $475,240
1-Dec-2017:  $484,524

1-Jan-2018:  $500,083  (graduated from 250-->500k thread!)


1-Feb-2018:  $528,311
1-Mar-2018:  $512,295
1-Apr-2018:  $507,817
1-May-2018: $522,358
1-Jun-2018:  $535,365
1-Jul-2018:   $541,553
1-Aug-2018:  $559,722
1-Sep-2018:  $578,876
Title: Re: Race from 500k to 1M!
Post by: G-Cool on September 03, 2018, 07:16:26 PM
Long-overdue monthly update. We sold the condo and bought a house in June, lots of expenses in the process... Now that this is behind us, let's focus on growing the stash!

2/1/2018 : $502k Inv. / $627k NW
3/1/2018 : $498k Inv. / $626k NW
4/1/2018 : $503k Inv. / $630k NW
5/1/2018 : $511k Inv. / $642k NW
6/1/2018 : $435k Inv. / $656k NW
7/1/2018 : $445k Inv. / $666k NW
8/1/2018 : $527k Inv. / $668k NW
9/1/2018 : $536k Inv. / $683k NW
Title: Re: Race from 500k to 1M!
Post by: A&R on September 04, 2018, 05:53:36 AM
12/17/17  $739,821
01/16/18  $774,717
08/02/18  $873,766
09/04/18  $904,996

Looking at these numbers makes me realize how nuts the market is right now. It's gonna hurt when the dip comes, but we'll just have to ride it out!
Title: Re: Race from 500k to 1M!
Post by: YoungGranny on September 04, 2018, 06:02:14 AM

Dec. 2017: $502k
Jan. 2, 2018: $513.7k
Feb. 5, 2018: $539.9k
Mar. 5, 2018: $543.6k
Apr. 2, 2018: $557.6
Apr. 30, 2018: $574.5k
June 4, 2018: $616.2k
July 2, 2018: $623.4k
Aug. 1, 2018: $643.8k

Sep. 4, 2018:$670.2k

I was kind of surprised to see a $26.4k increase, $15.7k of it was from savings the rest was market gains. Setting a goal to hit $700k by the end of the year, a $200k increase for the year.
Title: Re: Race from 500k to 1M!
Post by: neo von retorch on September 04, 2018, 10:21:38 AM
Net Worth
Quote
12/31/2015:     $245,147
8/31/2018:       $502,494 (+257,347)

So it took 32 months to double my net worth from a quarter million to half a million. How long will the next leg of the journey take?!
Title: Re: Race from 500k to 1M!
Post by: 2Birds1Stone on September 04, 2018, 04:03:09 PM
Net Worth
Quote
12/31/2015:     $245,147
8/31/2018:       $502,494 (+257,347)

So it took 32 months to double my net worth from a quarter million to half a million. How long will the next leg of the journey take?!

Hopefully less than 32 months! For both our sake.
Title: Re: Race from 500k to 1M!
Post by: boarder42 on September 04, 2018, 05:46:31 PM
Net Worth
Quote
12/31/2015:     $245,147
8/31/2018:       $502,494 (+257,347)

So it took 32 months to double my net worth from a quarter million to half a million. How long will the next leg of the journey take?!

Hopefully less than 32 months! For both our sake.

Without a high contribution rate it should take as much or more than 32 months.
Title: Re: Race from 500k to 1M!
Post by: 2Birds1Stone on September 04, 2018, 05:49:47 PM
Net Worth
Quote
12/31/2015:  $245,147
8/31/2018:       $502,494 (+257,347)

So it took 32 months to double my net worth from a quarter million to half a million. How long will the next leg of the journey take?!

Hopefully less than 32 months! For both our sake.

Without a high contribution rate it should take as much or more than 32 months.
Thank you captain obvious.

Sent from my SAMSUNG-SM-G930A using Tapatalk

Title: Re: Race from 500k to 1M!
Post by: asauer on September 05, 2018, 07:13:17 AM
Update:
June '18- 616,500
July '18- 616,900
Aug '18- 644,500
Sept '18- 676,800

Hoping for 700k by end of year!
Title: Re: Race from 500k to 1M!
Post by: YoungGranny on September 05, 2018, 07:56:05 AM
You and me both @asauer =D - holding you accountable to $700k so we can celebrate together!
Title: Re: Race from 500k to 1M!
Post by: GoodToGrow on September 05, 2018, 08:46:09 AM
Hi Kids - been a lurker for about 6 months & finally signed up today (=

9/1 - $604,446

Welcome to the forum @GoodToGrow!  You split your time between Doha and Fano?  I hadn't heard of Fano, but just looked it up.  Nice!

Thanks Tri!  Thanks for confirming what a great community this is.  Yeah, it's a pretty interesting place.  Not exactly a tourist stop, but a lot of Italians vacate there in the summer.  My type of place, with great food and friendly, blue-collar people.  Where are you located in the US, do you have any recommendations for Italy for me to visit?
Title: Re: Race from 500k to 1M!
Post by: GoodToGrow on September 05, 2018, 08:52:41 AM
I have to say - I am seriously impressed with everyone on here.  But some of you are out of reality killing it!  Oh man, this is so motivating to try to keep pace with any of y'all. 
Title: Re: Race from 500k to 1M!
Post by: letsdoit on September 05, 2018, 09:21:25 AM
almost longest bear mrkt in history.  i'm gonna cash in some of my chips
Title: Re: Race from 500k to 1M!
Post by: Trifele on September 05, 2018, 09:22:30 AM
Where are you located in the US, do you have any recommendations for Italy for me to visit?

I'm in the Carolinas, southeastern U.S.  Are you asking for recommendations on US places to visit?  Oh boy -- big country, big topic!  Have you spent a lot of time in the US?

Title: Re: Race from 500k to 1M!
Post by: letsdoit on September 05, 2018, 09:48:45 AM
NYC is great for a visit.  make sure you get out of Manhattan for part of it , just walk around a neighborhood
Title: Re: Race from 500k to 1M!
Post by: Trifele on September 05, 2018, 05:14:22 PM
NYC is great for a visit.  make sure you get out of Manhattan for part of it , just walk around a neighborhood

Gawd yes -- NYC is a must-visit.  LOVE Brooklyn.  <3
Title: Re: Race from 500k to 1M!
Post by: Randall Stephens on September 09, 2018, 09:58:59 AM
First-time poster here! Found the FIRE world about 3 years back (right around the time of the birth of my first child). Have made dozens of tweaks the last few years and really have ratcheted up the savings rate as best we can. Now have 2 kids, HCOL area. My wife and I are 32 - hope to get to a million NW at start of 2021 in January (bit of a stretch but we'll see - gotta have goals).

My numbers include everything - reason being, we plan on downsizing (and probably renting) when we reach our Net Worth goal (about $1.8M) and I think the college landscape will change tremendously by the time my oldest is ready to go (with that being said, do have a plan to fund it, just have curtailed the 529 contributions considerably).

Looking forward to "running" this race together with everyone in this thread, even if we all are going at our own paces. I've included a few of the past years/quarters for context and will hopefully start updating monthly.

1/1/16 - $204k NW (130k Invested)
1/1/17 - $354k NW ($261k Invested)
1/1/18 - $509k NW ($391k Invested)

3/1/18 - $523k NW ($402k Invested)
6/1/18 - $532k NW ($411k Invested)
9/1/18 - $573k NW ($455k Invested)

Have been a bit bummed since this year's investments have been lagging since I have about 35% international, but putting in writing makes me feel like this year had still very much been a success. Looking forward to connecting with everyone here!


Title: Re: Race from 500k to 1M!
Post by: Trifele on September 09, 2018, 12:25:00 PM
Welcome to the forum @Randall Stephens!  It's always interesting to see what thread people choose for their very first post -- you're going right for the heart of it.  Sounds like you are on a mission!
Title: Re: Race from 500k to 1M!
Post by: Arbitrage on September 10, 2018, 08:34:11 AM

Have been a bit bummed since this year's investments have been lagging since I have about 35% international, but putting in writing makes me feel like this year had still very much been a success. Looking forward to connecting with everyone here!

Yep, I know how you feel.  I'm 45% international in my stock allocation, including a hefty chunk to EM, so my investments aren't doing well this year.  That's the thing about diversification - it's working whether you want it to or not.  Just try to remind yourself about how much better valuations are overseas.  Maybe it'll make a difference.  Eventually.  Maybe not. 
Title: Re: Race from 500k to 1M!
Post by: actionjackson on September 14, 2018, 12:14:31 AM
2018
Jan   398000
Feb   431000
Mar   448000
Apr   462580
May   481501
Jun - 489782
Jul - 507110
Aug - 523353
Sep - 529071

Going on holiday, so not as much of a big bump this month.
Title: Re: Race from 500k to 1M!
Post by: boarder42 on September 14, 2018, 05:55:56 AM
Man we're so close 995k NW right now if I remove my corporate card expenses from PC. Anyone know how to take a single card off of PC? I have other amex cards I'd like to track the spending with but want to remove the corporate card bc I don't pay those costs obviously.
Title: Re: Race from 500k to 1M!
Post by: Freedomin5 on September 14, 2018, 07:34:18 AM
Oct 2017: 527k
Dec 2017: 554k

Mar 2018: 666k (updated value of rental property)
Jun 2018: 711k
Sep 2018: 772k (updated value of rental property)

Very sad. Lots of expenses this month. Next month will be better. We are already up almost $10k and it’s only the middle of the month.
Title: Re: Race from 500k to 1M!
Post by: asauer on September 18, 2018, 06:52:12 AM
You and me both @asauer =D - holding you accountable to $700k so we can celebrate together!

You got it!
Title: Re: Race from 500k to 1M!
Post by: boarder42 on September 21, 2018, 07:07:55 AM
made it to 1MM total networth today 798k invested.  Waiting on PC to update appropriately to see the actual number.  have 3k in CC charges my company owes me and 1k in MS that i havent finished yet.  so showing 995k now but after all that we're 1k over 1MM!
Title: Re: Race from 500k to 1M!
Post by: RWD on September 21, 2018, 07:14:35 AM
made it to 1MM total networth today 798k invested.  Waiting on PC to update appropriately to see the actual number.  have 3k in CC charges my company owes me and 1k in MS that i havent finished yet.  so showing 995k now but after all that we're 1k over 1MM!

Congrats!
Title: Re: Race from 500k to 1M!
Post by: Roots&Wings on September 21, 2018, 12:06:13 PM
made it to 1MM total networth today 798k invested.  Waiting on PC to update appropriately to see the actual number.  have 3k in CC charges my company owes me and 1k in MS that i havent finished yet.  so showing 995k now but after all that we're 1k over 1MM!

Nice! Time for more boats, big ass trucks, and eating out to enjoy it all. With maybe a special extra payment on the mortgage to celebrate ;)

Well done.
Title: Re: Race from 500k to 1M!
Post by: boarder42 on September 21, 2018, 12:15:17 PM
made it to 1MM total networth today 798k invested.  Waiting on PC to update appropriately to see the actual number.  have 3k in CC charges my company owes me and 1k in MS that i havent finished yet.  so showing 995k now but after all that we're 1k over 1MM!

Nice! Time for more boats, big ass trucks, and eating out to enjoy it all. With maybe a special extra payment on the mortgage to celebrate ;)

Well done.

Haha. Thanks  I only actually own one of those things but those threads are getting pretty awesome.
Title: Re: Race from 500k to 1M!
Post by: neo von retorch on September 21, 2018, 12:16:06 PM
made it to 1MM total networth today 798k invested.  Waiting on PC to update appropriately to see the actual number.  have 3k in CC charges my company owes me and 1k in MS that i havent finished yet.  so showing 995k now but after all that we're 1k over 1MM!

Nice! Time for more boats, big ass trucks, and eating out to enjoy it all. With maybe a special extra payment on the mortgage to celebrate ;)

Well done.

There's no way that @boarder42 got to $1 million net worth and still has a mortgage!!

Sorry. Sorry! Sorry everyone, hate to be all off topic, but with all the Badassity threads going on, I cannot resist.
Title: Re: Race from 500k to 1M!
Post by: OurTown on September 24, 2018, 07:24:49 AM
Total invested is $499k as of this morning.
Title: Re: Race from 500k to 1M!
Post by: onlykelsey on September 24, 2018, 07:28:33 AM
Total invested is $499k as of this morning.

GET OUT
Title: Re: Race from 500k to 1M!
Post by: OurTown on September 24, 2018, 07:41:53 AM
Ha!  TNW is somewhere in the 600s so I'm okay.
Title: Re: Race from 500k to 1M!
Post by: onlykelsey on September 24, 2018, 07:46:49 AM
I'm actually almost the same.  I entered this race on NW last year but my invested assets just hit 500K this month at some point.  Or maybe last month.
Title: Re: Race from 500k to 1M!
Post by: OurTown on September 24, 2018, 07:55:04 AM
It's moving up pretty fast IMO.  I don't think we are doing anything that extraordinary.  We are not badass like many of the posters here.  We have a healthy joint income, we live in a LCOL metro area, and we have a 40% savings rate.  That's about it.
Title: Re: Race from 500k to 1M!
Post by: letsdoit on September 24, 2018, 02:04:33 PM
i just worked out that our house, bought right before the real estate bubble popped, has saved us 50 k, when compared to a comparable rental.
so the house was a bad investment, but not as bad as renting in the same place for 11 years. 
Title: Re: Race from 500k to 1M!
Post by: Cookie78 on September 25, 2018, 12:02:38 PM
I'd like to join this awesome group.

I've been lurking for awhile but have some sort of weird imposter syndrome thing going on since most of my net worth is currently in pension and real estate. Also, I'm unlikely to get to 1M before I quit my full time job. However, the plan is to get to 700k, sell everything, invest profits, and go nomadic for a few years (5-10), perhaps working casual, part-time, random, or fun jobs here and there while the investments coast to 1M.

Currently
Real estate equity 280k
Pension commuted value 203k
All other 158k

Total 641k

Title: Re: Race from 500k to 1M!
Post by: SEAK on September 27, 2018, 04:07:14 PM
After hitting 900k I finally feel like 1M is in sight! Numbers below are just our invested assets and do not include the current value of our pensions (800k) or home equity (200k). Feeling like we're doing OK for being 44 and 42 yo.

End 2015 $482k
End 2016 $628k
End 2017 $811k
Sep 2018  $905k
Title: Re: Race from 500k to 1M!
Post by: boarder42 on September 27, 2018, 04:45:20 PM
After hitting 900k I finally feel like 1M is in sight! Numbers below are just our invested assets and do not include the current value of our pensions (800k) or home equity (200k). Feeling like we're doing OK for being 44 and 42 yo.

End 2015 $482k
End 2016 $628k
End 2017 $811k
Sep 2018  $905k

Why are you still working
Title: Re: Race from 500k to 1M!
Post by: Trifele on September 28, 2018, 04:20:57 AM
I'd like to join this awesome group.

I've been lurking for awhile but have some sort of weird imposter syndrome thing going on since most of my net worth is currently in pension and real estate. Also, I'm unlikely to get to 1M before I quit my full time job. However, the plan is to get to 700k, sell everything, invest profits, and go nomadic for a few years (5-10), perhaps working casual, part-time, random, or fun jobs here and there while the investments coast to 1M.

Currently
Real estate equity 280k
Pension commuted value 203k
All other 158k

Total 641k

Welcome @Cookie78!  Love your free spirited plan.  In another reality I would do the same thing. In this reality I have a family that would balk.  :)
Title: Re: Race from 500k to 1M!
Post by: onlykelsey on September 28, 2018, 06:59:19 AM
After hitting 900k I finally feel like 1M is in sight! Numbers below are just our invested assets and do not include the current value of our pensions (800k) or home equity (200k). Feeling like we're doing OK for being 44 and 42 yo.

End 2015 $482k
End 2016 $628k
End 2017 $811k
Sep 2018  $905k

Why are you still working

+1!  I mean there are valid answers (you want to live in Manhattan forever, you have a special needs kid, etc), but... you should seriously consider stopping fulltime work.
Title: Re: Race from 500k to 1M!
Post by: Cookie78 on September 28, 2018, 10:25:04 AM
I'd like to join this awesome group.

I've been lurking for awhile but have some sort of weird imposter syndrome thing going on since most of my net worth is currently in pension and real estate. Also, I'm unlikely to get to 1M before I quit my full time job. However, the plan is to get to 700k, sell everything, invest profits, and go nomadic for a few years (5-10), perhaps working casual, part-time, random, or fun jobs here and there while the investments coast to 1M.

Currently
Real estate equity 280k
Pension commuted value 203k
All other 158k

Total 641k

Welcome @Cookie78!  Love your free spirited plan.  In another reality I would do the same thing. In this reality I have a family that would balk.  :)

Thank you. :)

I'm looking forward to it, and constantly questioning whether it'll work out as planned. :p I guess time will tell. What I do know is that I can last much longer in cubicle-ville.
Title: Re: Race from 500k to 1M!
Post by: SEAK on September 28, 2018, 01:10:17 PM
Simple answer is that we spend way too much money!

Income between two jobs, side-gig, basement rental are ~190k. About 90k of that is spend on contributions to what I consider savings: deff comp, 401k, Roth, pension, social security, home equity, etc. We spend the remaining 100k on mortgage, taxes, living expenses, etc. Family of four living in HCOL area of Alaska.

Time to throw down the gauntlet and reduce some of our expenses!


After hitting 900k I finally feel like 1M is in sight! Numbers below are just our invested assets and do not include the current value of our pensions (800k) or home equity (200k). Feeling like we're doing OK for being 44 and 42 yo.

End 2015 $482k
End 2016 $628k
End 2017 $811k
Sep 2018  $905k

Why are you still working

+1!  I mean there are valid answers (you want to live in Manhattan forever, you have a special needs kid, etc), but... you should seriously consider stopping fulltime work.
Title: Re: Race from 500k to 1M!
Post by: TheAnonOne on September 28, 2018, 01:50:25 PM
Returning to update . . .

2015 DEC:252k<- Crossed 250k
--
2016 JAN:260k(+8k)
2016 FEB:281k(+21k)
2016 MAR:285k(+4k)
2016 APR:298k(+13k)
2016 MAY:305k(+7k)
2016 JUN:307k(+2k)
2016 JUL:320k(+13k)
2016 AUG:326k(+6k)
2016 SEP:336k(+10k)
2016 OCT:337k(+1k)
2016 NOV:361k(+24k)
2016 DEC:368k(+7k)
--
2017 JAN:382k(+14k)
2017 FEB:403k(+21k)
2017 MAR:416k(+13k)
2017 APR:427k(+11k)
2017 MAY:436k(+9k)
2017 JUN:449k(+13k)
2017 JUL:464k(+15k)
2017 AUG:478k(+14k)
2017 SEPT:494k(+16k)
2017 OCT:510k(+16k) <- Crossed 500k
2017 NOV:523k(+13k)
2017 DEC:534k(+11k)
--
2018 JAN:558k(+24k)
2018 FEB:569k(+11k)
2018 MAR:560k(-9k)
2018 APR:574k(+14k/+5k)
2018 MAY:575k(+1k)
2018 JUNE:575k(+0)
2018 JULY:599k(+24)
2018 AUG:620k(+21)
2018 SEPT:625k(+5)

Only up 5k this month. (First world problem?)

We spent a TON of money on travel this month. Probably 4 grand between booking an around the world trip next March, a week in Hawaii in November, and two domestic trips for family. Worse yet, I don't get paid vacation!


I figure in general this will push FIRE off a month or so... oh well!

I think I need to turn in my MMM pin for a month!
Title: Re: Race from 500k to 1M!
Post by: skip207 on September 29, 2018, 02:08:55 AM
Slow month

01/01/17 £374668
01/01/18 £497097
01/02/18 £500655
01/03/18 £497804
01/04/18 £492551
01/05/18 £503531
01/06/18 £519609
01/07/18 £534656
01/08/18 £539771
01/09/18 £552418
01/10/18 £555232

Title: Re: Race from 500k to 1M!
Post by: 2Birds1Stone on September 29, 2018, 07:30:49 AM
Combined NW
08/1/2018 - $511,000
09/1/2018 - $519,000
10/1/2018 - $526,000

Title: Re: Race from 500k to 1M!
Post by: Ladychips on September 29, 2018, 09:53:39 AM

         Investments/cash     Net worth

5/18 - $503,164               $742,902
6/18 - $506,463               $747,871
7/18 - $520,768               $764,243
8/18 - $542,574               $787,745


9/18 - $541,489               $788,357


expensive month!
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on September 29, 2018, 01:54:38 PM
                 LNW      TNW
Jan 2018 -  846K  /  987K 
Feb 2018 -  880K / 1.02M     
Mar 2018 -  859K / 1.00M
Apr 2018 -  855K /   996K 
May 2018 - 856K /   999K   
Jun 2018  - 875K / 1.02M
Jul  2018  - 887K /  1.03M
Aug 2018  - 922K / 1.07M
Sep 2018  - 944K / 1.09M   
Oct 2018  - 948K / 1.09M

Kind of a 'meh' month on the NW front.  Spending was about 1.5K higher than normal this month. Lots of stuff comes due this time of year:  termite contract renewal, auto tag renewal, lawn care annual renewal & auto insurance renewal.  Also bought airline tickets for a trip early next year.  Still in the black though! 

Title: Re: Race from 500k to 1M!
Post by: JGS1980 on September 29, 2018, 03:34:53 PM
Jan-16      $257,514.77 (+49,787)
April-16    $277,918.06 (+20,403)
July-16     $306,073.47 (+28,155)
Oct -16     $357,689.04 (+53,415)
Jan -17     $405,710.23 (+48,021)
April -17   $446,004.04 (+39,424)
July-17     $496,327.00 (+50,322)
Oct-17      $535,958.74 (+39,631)
Jan-18      $617,102.81 (+81,144)
April -18   $649,856.20 (+32,718)
July -18    $704,760.25 (+54,904)
Oct-18      $768,090.42 (+63,330)

Compounding is beginning to accelerate. Savings Rate, however,
BY FAR!!!!!
still drives the quarterly NW increases.

JGS


Title: Re: Race from 500k to 1M!
Post by: ACyclist on September 29, 2018, 05:12:39 PM
507K in investments (291K stocks and bonds, 150K rental home (on market now), 14K in shiny things, 52K in a work sponsored savings account)
Cash savings for taxes, insurance and emergencies (8K)
121K in the home we own now (free and clear)
17K in a chunk of property we plan to build retirement home on
One modest truck (2000 Chevy truck)
On modest camper (18' Jayfeather)
All total about 665K today
We have more in valuable bikes, but I can't part with those until my legs cease to work.

We had an epiphany in Sept 2017, that maybe we could actually retire someday.  We started really throwing down savings better.  We increased our net worth by 100K in the last calendar year.  Not bad.
Title: Re: Race from 500k to 1M!
Post by: Arbitrage on September 29, 2018, 06:38:25 PM
Liquid NW / Total NW

1/1/16: $455k / 675k
1/1/17: $555k / 822k
1/1/18: $735k / 1.071M
5/17/18: $765k / 1.112M
6/29/18: $773k / 1.137M
7/31/18: $795k / 1.170M
8/31/18: $813k / 1.189M
9/29/18: $811k / 1.192M

Well, poop.  At least our savings rate was good.
Title: Re: Race from 500k to 1M!
Post by: onlykelsey on September 30, 2018, 07:12:05 AM
December 2013: 142K
March 2014: 178K
June 2014: 191K
September 2014: 205K
December 2014: 231K
March 2015: 232K (I self financed half a wedding this quarter, and began subsidizing now husband)
June 2015: 249K
September 2015: 272K (a new~30K in debt showed in this quarter from the first half of a 60K roof assessment I didn't have cash on hand for)
December 2015: 326K
March 2016: 342K
June 2016: 389K
September 2016: 457K (began booking a 4540K "liability" that I would incur if I wanted to liquidate my condo, which I include in this NW total)
December 2016: 511K (+185K year on year)
March 2017: 599K (I am guessing on numbers for the end of the month, but should be +/- 2K, +142K year on year)
I am towards the end of maternity leave.  I am sure the saving/investing pace won't keep up when I start paying daycare (and maybe working a 70 or 80% schedule for a couple months), but not too bad for being off work!
June 2017: 603K
September 2017: 639K
December 2017: 698K
March 2018: 667K (drop is due to someone having conducted a fire sale of their condo in our very small building during a divorce)
June 2018: 689K
July 2018: 723K  I guess I shouldn't be surprised given my husband's income struggles and how expensive daycare + health insurance is, but at least I'm making progress.  I just switched back to 100% hours so started getting a small bump.  I need to kick my husband's a$$ in to gear on the earning side and buckle down on the restaurants, I think.
August 2018: 749K, YTD: +51K  Not super impressive given the market this year.  I may need to pay more attention to my personalcapital or start calculating manually, because it doesn't seem quite right.  I've maxed my 401K and backdoor IRA (~24K), and invested 42K in my taxable brokerage.  Something isn't adding up.
September 2018:
765K, up about 500 dollars/day this month.  YTD +67K  Market has been cooperating and I have some tailwinds now that I'm done with my SS contributions and 401K and IRA for the year.  I expect to be saving about 3K/paycheck and then all of my bonus.  This number includes a couple thousand of tuition and books for pre-reqs, so I'm pretty happy.
Title: Re: Race from 500k to 1M!
Post by: neo von retorch on September 30, 2018, 07:44:47 AM
Net Worth
Quote
1/31/2016:       $254,591
...
7/30/2018:       $486,199
8/31/2018:       $502,494 (+16,295)
9/30/2018:       $519,994 (+17,500)
Title: Re: Race from 500k to 1M!
Post by: BriarRose111 on September 30, 2018, 11:37:12 AM
Month end update:

Liquid assets / Net worth

Jan 2018 $415.5K / $508K
Jun 2018  $518.8K / $578.4K
Jul  2018  $528.3K / $588.2K
Aug 2018  $543K  / $603.2K
Sep 2018  $548K / $608.6K
Title: Re: Race from 500k to 1M!
Post by: salt cured on September 30, 2018, 02:36:56 PM
Still increasing for now.

Aug17:$488k
Sep17:$507k
Oct17:$526k
Nov17:$546k
Dec17:$566k
Jan18:$612k
Feb18:$603k
Mar18:$599k
Apr18:$612k
May18:$630k
Jun18:$656k
Jul18:$692k
Aug18:$702k
Sep18:$711k
Title: Re: Race from 500k to 1M!
Post by: OurTown on September 30, 2018, 03:57:58 PM
1/1/15 = $266
2/1/15 = $269
3/1/15 = $278
4/1/15 = $280
5/1/15 = $284
6/1/15 = $295
7/1/15 = $298
8/1/15 = $338
9/1/15 = $335
10/1/15 = $339
11/1/15 = $357
12/1/15 = $365

1/1/16 = $374
2/1/16 = $373
3/1/16 = $379
4/1/16 = $391
5/1/16 = $398
6/1/16 = $406
7/1/16 = $415
8/1/16 = $426
9/1/16 = $424
10/1/16 = $427
11/1/16 = $428
12/1/16 = $438

1/1/17 = $461
2/1/17 = $471
3/1/17 = $482
4/1/17 = $479
5/1/17 = $492
6/1/17 = $500
7/1/17 = $508
8/1/17 = $518
9/1/17 = $523
10/1/17 = $543
11/1/17 = $550
12/1/17 = $558

1/1/18 = $580
2/1/18 = $593
3/1/18 = $589
4/1/18 = $587
5/1/18 = $603
6/1/18 = $617
7/1/18 = $612
8/1/18 = $623
9/1/18 = $639
10/1/18 = $644
Title: Re: Race from 500k to 1M!
Post by: Freedomin5 on September 30, 2018, 04:50:10 PM
Oct 2017: 527k
Dec 2017: 554k

Mar 2018: 666k (updated value of rental property)
Jun 2018: 711k
Sep 2018: 784k (updated value of rental property)

———————————

End of quarter update. Looking forward to hitting $800k by the end of the year.
Title: Re: Race from 500k to 1M!
Post by: letsdoit on October 01, 2018, 08:01:54 AM
lots of ppl on the upswing
Title: Re: Race from 500k to 1M!
Post by: Trifele on October 01, 2018, 02:38:36 PM
Tracking retirement accounts (excludes house, 529 plans, and cash):

5/1/17 --    $631k     
6/1/17 --    $647k (+$16k)     
7/1/17 --    $655k (+$8k)   
8/1/17 --    $665k (+$10k)   
9/1/17 --    $672k (+$7k)   
10/1/17 --  $684k (+$12k)   
11/1/17 --  $702k (+$18k)
12/1/17 --  $724k (+$22k)

1/1/18  --   $731k (+$7k)
2/1/18  --   $761k (+$30k)
3/1/18  --   $737k (-$24k)
4/1/18 --    $731k (-$6k)
5/1/18 --    $738k (+$7k)
6/1/18 --    $747k (+$9k)
7/1/18 --    $744k (-$3k)
8/1/18 --    $761k (+$17k)
9/1/18 --    $776k (+$15k)
10/1/18 --  $776k (+$0)
Title: Re: Race from 500k to 1M!
Post by: YellowCat on October 01, 2018, 04:03:10 PM
Jan 2017: $444,411
Feb 2017: $466,365 (+$21,954)
Mar 2017: $473,859 (+$7,494)
Apr 2017: $496,610 (+$22,751)
May 2017: $509,180 (+$12,570)
Jun 2017: $522,280 (+$13,100)
Jul 2017: $539,829 (+$17,549)
Aug 2017: $547,156 (+$7,327)
Sept 2017: $568,755 (+$21,599)
Oct 2017: $588,681 (+$19,926)
Nov 2017: $612,643 (+$23,962)
Dec 2017: $628,029 (+$15,386)
Jan 2018: $664,203 (+$36,174)
Feb 2018: $662,419 (-$1,784)
Mar 2018: $667,963 (+$5,544)
Apr 2018: $687,251 (+$19,288)
May 2018: $713,039 (+$25,788)
Jun 2018: $719,898 (+$6,859)
Jul 2018: $749,307 (+$29,409)
Aug 2018: $777,551 (+28,244)
Sept 2018: $782,645 (+$5,094)

Just a small increase this month. It would be higher but we spent $7.5k extra this month on our AC installation. Which is amazing :) Now we won't have to hide out in the basement when the summer days (and nights!) get hot and sticky.
Title: Re: Race from 500k to 1M!
Post by: RWD on October 01, 2018, 08:06:12 PM
Quarterly update:

10/1/2017 - 502k
1/1/2018 - 544k
4/1/2018 - 559k
7/1/2018 - 604k
10/1/2018 - 640k
Title: Re: Race from 500k to 1M!
Post by: TheFirstMan on October 02, 2018, 05:04:22 AM
I just graduated to this thread. I was racing from 250K to 500K and just crossed that threshold (link below).

I go by investable assets, currently $501,463. (Home equity is about 200K, so call it 700K TNW.)

A bit of history:

1/1/12 125K
1/1/13 175K
1/1/14 214K
1/1/15 205K
1/1/16 449K
*home addition*
1/1/18 447K
10/1/18 500K

And a bit of projection (assumptions include 80K of education expense in about 4 years, 3% real returns, and saving $7K/mo)...

1/1/20 627K
1/1/21 731K
1/1/22 839K
1/1/23 950K (20K special expense)
1/1/24 1.04M (20K special expense)
1/1/25 1.12M (20K special expense)
1/1/26 1.3M (20K special expense)

https://forum.mrmoneymustache.com/throw-down-the-gauntlet/race-from-250-to-500k!/msg2152432/#msg2152432
Title: Re: Race from 500k to 1M!
Post by: YoungGranny on October 02, 2018, 06:10:48 AM


Dec. 2017: $502k
Jan. 2, 2018: $513.7k
Feb. 5, 2018: $539.9k
Mar. 5, 2018: $543.6k
Apr. 2, 2018: $557.6
Apr. 30, 2018: $574.5k
June 4, 2018: $616.2k
July 2, 2018: $623.4k
Aug. 1, 2018: $643.8k
Sep. 4, 2018:$670.2k


Oct. 2, 2018: $677.7 - slow and steady.
Title: Re: Race from 500k to 1M!
Post by: ScottsdaleSaver on October 02, 2018, 09:05:04 AM
9/18 Update - $850K; $245K in home equity, $7K in cash, remainder investments. Up $180K YOY. I just turned 39 and would love to hit $1M by/during my 40th year. That's mostly up to stock market performance, so it's an arbitrary goal, but a fun one no less...


6/18 Update - $799K; $231K in home equity, $11K in cash, remainder in investments. Up ~$170K from when I first started tracking in earnest a year ago (I know, I know). So grateful for the inspiration from MMM and this community!

3/2018 Update - $756K; $222K in home equity, $5K in cash, remainder in investments. It's refreshing to see we're actually up in total over last quarter, although about half of it is home appreciation, which I consider total funny money as we have no plans to sell any time soon.

12/2017 Update - We hit a big milestone this quarter - over $500K in investments!
Current totals - $719K; $194K in home equity, $5K in cash, remainder in investments

9/2017 Update - $670K; $187K in home equity, $10K in cash, remainder in investments

Somewhat embarrassingly, I didn't starting keeping close tabs on my net worth until finding MMM this year. Thankfully, I didn't muck it up too bad up to this point, but I'm hoping to do even better now that I know better! So, let's start here...

6/2017 - $630K; ~$180K in home equity, ~$10K in cash, remainder in investments
Title: Re: Race from 500k to 1M!
Post by: caracarn on October 02, 2018, 12:12:48 PM
Here's my progress thus far:

1/1/2015 - $319,018
3/31/2015 - $358,647
6/30/2015 - $350,887
9/30/2015 - $329,044
12/31/2015 - $340,246
3/31/2016 - $390,030
6/30/2016 - $408.983
9/1/2016 - $447,834
12/31/2016 - $459,043
3/31/2017 - $509,618
6/30/2017 - $520,691
9/30/17 - $553,269
12/31/17 - $557,941
3/31/18 - $583,773
6/30/18 - $590,057

With the market slowing gains were only $4K over the 90 days.  Lots of unexpected expenses as things broke around the house and had to be handled which did not help with accumulating any extra savings.  General expected for costs were also higher than normal so having a positive uptick is still promising.  Will likely take a hit over the remainder of the year as we contemplate a business opportunity and/or my wife returns to college to get a Masters.  Unless something really unexpected happens should stay above $500K, but might be a slow slog for the next couple of years.
9/30/18 - $610,690

The business opportunity (new Amazon delivery services they unveiled) did not pan out and my wife decided to not go back for the Master's so things went forward a bit more normally.  Expenses were higher again as we keep getting a bit too free with our spend than I'd like.  Still a respectable bump in our climb, hopefully placing us solidly above $600K, and likely to have doubled our net worth in four years, if we have a really solid fourth quarter. 
Title: Re: Race from 500k to 1M!
Post by: 2Old2RE on October 02, 2018, 07:46:10 PM
October update

Here is last month:

401K              = 714,518.92
IRAs               = 118,165.46
Bank              =   31,542.13
Misc Accounts =   27,751.75

=891,978.26

This month:

401K              = 726,718.28
IRAs               = 118,019.02
Bank              =   29602.05
Misc Accounts =   29398.69

=903,738.04

Ugh, our stocks were kinda lackluster plus paid the property taxes equals bad month but did break into the 900's
Title: Re: Race from 500k to 1M!
Post by: asauer on October 03, 2018, 10:59:31 AM
Update: (not including mortgage free house value or kids’ college funds)
Jan 1 2018: 580,000
March 1 2018: 598,000
June 1 2018: 616,000
Sept 1 2018: 676,000
October 1 2018: 695,151

Gaaahhh——I MUST get that extra 5k.  700,000 is SO close!
Title: Re: Race from 500k to 1M!
Post by: RWD on October 03, 2018, 11:15:14 AM
Update: (not including mortgage free house value or kids’ college funds)

October 1 2018: 695,151

Gaaahhh——I MUST get that extra 5k.  700,000 is SO close!

Just take out a home equity loan. That'll put you over easy!
Title: Re: Race from 500k to 1M!
Post by: Zamboni on October 03, 2018, 03:08:55 PM
Numbers for end of month:
Month Year: Investments
June 2017: 504K
July 2017: 523K
Add in home value - debts; net worth as second number:
Aug 2017: 533K / 666K
Sep 2017: 539K / 679K
Oct 2017: 551K / 698K
Nov 2017: 561K / 711K
Dec 2017: 569K / 724K
Jan 2018: 589K / 751K
Feb 2018: 577K / 741K
May 2018: 585K / 744K
July 2018: 600K / 763K
Aug 2018: 618K / 779K
Sept 2018: 621K / 795K


(https://tickers.TickerFactory.com/ezt/d/4;10501;125/st/20181215/e/Sabbatical%21/k/6f12/event.png)
 (https://www.TickerFactory.com/)
Title: Re: Race from 500k to 1M!
Post by: skcook on October 03, 2018, 07:30:08 PM
Overdue update:

Oct 2018 - $666k
Sep 2018 - $656k
July 2018 - $651k
June 2018 - $634k
May 2018 - $624k
Apr 2018 - $612k
Mar 2018 - $599k
Feb 2018 - $590k
Jan 2018 - $580k
Dec 2017 - $569k
Nov 2017 - $561k
Oct 2017 - $546k
Sep 2017 - $538k
Aug 2017 - $497k
July 2017 - $483k
Jun 2017 - $479k
May 2017 - $454k
Apr 2017 - $448k
Mar 2017 - $435k
Feb 2017 - $433k
Jan 2017 - $410k
Oct 2016 - $370k
Sep 2016 - $330k
Title: Re: Race from 500k to 1M!
Post by: OurTown on October 04, 2018, 07:35:06 AM
502 invested.  Woo-hoo!
Title: Re: Race from 500k to 1M!
Post by: asauer on October 05, 2018, 07:25:29 PM


Dec. 2017: $502k
Jan. 2, 2018: $513.7k
Feb. 5, 2018: $539.9k
Mar. 5, 2018: $543.6k
Apr. 2, 2018: $557.6
Apr. 30, 2018: $574.5k
June 4, 2018: $616.2k
July 2, 2018: $623.4k
Aug. 1, 2018: $643.8k
Sep. 4, 2018:$670.2k


Oct. 2, 2018: $677.7 - slow and steady.

We’re still neck and neck!
Title: Re: Race from 500k to 1M!
Post by: YoungGranny on October 08, 2018, 06:38:46 AM

We’re still neck and neck!

Yes! Let's finish 2018 strong too :)
Title: Re: Race from 500k to 1M!
Post by: HaltWorkCatchFIRE on October 10, 2018, 06:07:47 AM
Hey all, new member here!

My progress as of the first day of each quarter (only including the quarters relevant to this thread):

July 2017:  $499k
Oct 2017:  $561k
Jan 2018:  $632k
Apr 2018:  $697k
July 2018:  $760k
Oct 2018:  $803k

Asset allocation is roughly 75% stock, 10% bonds, 10% primary residence equity, 5% cash.  Saving about 60% of a pretty large DINK income.  FIRE target is about $2.25M net worth (aiming for 2026 fire date).  The only reason for the large cash allocation is that I'm considering buying some land with some friends to start a cultcommune on and want to keep some seed capital just in case it happens. 

Made some great progress with the market runup this past year.  Current NW has dropped back below $800k because of the recent drops and a few large expenditures.  If the market stays strong, I'm hoping to reach $1M by the end of 2019. 
Title: Re: Race from 500k to 1M!
Post by: talltexan on October 10, 2018, 09:04:26 AM
Indeed being financially independent at the start of this commune project is...unusual. All the best!
Title: Re: Race from 500k to 1M!
Post by: letsdoit on October 10, 2018, 09:29:00 AM
i feel like a cult/commune would really spice this thread up.

what ideology? 
Title: Re: Race from 500k to 1M!
Post by: HaltWorkCatchFIRE on October 10, 2018, 10:16:36 AM
i feel like a cult/commune would really spice this thread up.

what ideology? 

I don't know - I'm kind of new to the whole cult thing.  I'm not really the ideas guy of the whole thing, I just am bought into it.  The end goal would be a largely self-sufficient ecovillage/community of like-minded individuals, but that's more of a 15-year plan.  The short-term goals would be establishing an orchard/farming areas and building one or two initial small/tiny homes on the land, and setting it up so we can have communal gatherings there with some regularity (with the plan of improving it over time so we can spend more and more time there until we're living there full-time).  We have group outings and camping trips pretty regularly already, and having a "home base" of our own for these would increase our sense of community within the group for sure.

We jokingly call it a cult amongst ourselves, but really we just want a communal environment where we can all practice our own flavors of sustainable living together.  We all have a pretty similar belief system (science is real, the environment is important, consumption doesn't increase happiness, it takes a village to raise a child, etc), and a lot of us feel pretty strongly about the idea, so as we've been accumulating the means to make this happen, we've been thinking more seriously about it.
Title: Re: Race from 500k to 1M!
Post by: letsdoit on October 10, 2018, 11:11:30 AM
wow, that sounds like something worth working toward

keep me in mind when you're setting it up; i can tie a bowline pretty consistently, it would be a useful  knot for communal life
Title: Re: Race from 500k to 1M!
Post by: catccc on October 10, 2018, 07:05:52 PM
I'm baaaack!  Can I come back?  IDK if that is allowed.  We hit $1M on August 9th.  And again on August 20th, and September 11th.  Now due to market volatility we are at $981K from our 10/1 high of $1.025M.  $44K - poof!  Can't wait to become a millionaire for the 4th time!  Around mid September I figured we were in the clear, but I guess not.  Still in the accumulation phase though, so it's all okay.  Probably 2/3 of the way to pulling the plug at this point.
Title: Re: Race from 500k to 1M!
Post by: skip207 on October 11, 2018, 01:44:19 AM
I was in and out but at the other end of the scale for a couple of months!  It was frustrating but got there in the end and at 1MM movements of a few 10k are IMHO just noise.
Title: Re: Race from 500k to 1M!
Post by: Randall Stephens on October 11, 2018, 12:08:19 PM
Gotta get in my October update, cause after first few days, have a feeling November won't be pretty. With that being said, pretty happy, was able to do my first-ever TLH event today (believe I had to end up doing a small wash sale, but should be okay as long as I report it from my understanding).

1/1/16 - $204k NW (130k Invested)
1/1/17 - $354k NW ($261k Invested)
1/1/18 - $509k NW ($391k Invested)

3/1/18 - $523k NW ($402k Invested)
6/1/18 - $532k NW ($411k Invested)
9/1/18 - $573k NW ($455k Invested)
10/1/18 - $579k NW ($462k Invested)
Title: Re: Race from 500k to 1M!
Post by: guelphinvestor on October 11, 2018, 03:14:24 PM
I am getting close to passing 1 million invested in the reverse direction after the last few days

Sent from my LG-V522 using Tapatalk

Title: Re: Race from 500k to 1M!
Post by: 2Birds1Stone on October 11, 2018, 03:17:05 PM
Looks like we are squarely back in the $250->$500k race thread.......see y'all in a year or two.
Title: Re: Race from 500k to 1M!
Post by: doggyfizzle on October 11, 2018, 04:01:23 PM
I'll join; I was on the "race to $500k" thread and blew through $500k without really paying much attention.  Right now liquid NW of $560k, with almost $400k in home equity (yikes!!!), bringing our total NW to $960k.  It'll be a while until we hit $1M in liquid assets, but stacking almost $50k/year before any investment gains means my wife and I should hit it in a couple years.  Reading through this thread sure is motivating though.

So a bit less than a year later (with weird equity returns this year to boot):
Liquid: $630k
Home Equity: $400 (probably has gone up a bit based on local comps)

Total NW $1.03 million.  I'll stay on until we get to $1 million in liquid and then move on.
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on October 11, 2018, 04:15:05 PM
I'm baaaack!  Can I come back?  IDK if that is allowed.  We hit $1M on August 9th.  And again on August 20th, and September 11th.  Now due to market volatility we are at $981K from our 10/1 high of $1.025M.  $44K - poof!  Can't wait to become a millionaire for the 4th time!  Around mid September I figured we were in the clear, but I guess not.  Still in the accumulation phase though, so it's all okay.  Probably 2/3 of the way to pulling the plug at this point.

Does that make you a multi-millionaire? 


Title: Re: Race from 500k to 1M!
Post by: catccc on October 11, 2018, 07:50:28 PM
I'm baaaack!  Can I come back?  IDK if that is allowed.  We hit $1M on August 9th.  And again on August 20th, and September 11th.  Now due to market volatility we are at $981K from our 10/1 high of $1.025M.  $44K - poof!  Can't wait to become a millionaire for the 4th time!  Around mid September I figured we were in the clear, but I guess not.  Still in the accumulation phase though, so it's all okay.  Probably 2/3 of the way to pulling the plug at this point.

Does that make you a multi-millionaire?

lol!  There needs to be a proper name for this zig zag action when you cross the same milestone over and over.  Thank goodness someone mentioned that this was a likely event, otherwise I think I would have taken the bouncing around too negatively!  Dropped another 15K today.  What a wild ride.
Title: Re: Race from 500k to 1M!
Post by: TheAnonOne on October 13, 2018, 09:25:31 AM
I'm baaaack!  Can I come back?  IDK if that is allowed.  We hit $1M on August 9th.  And again on August 20th, and September 11th.  Now due to market volatility we are at $981K from our 10/1 high of $1.025M.  $44K - poof!  Can't wait to become a millionaire for the 4th time!  Around mid September I figured we were in the clear, but I guess not.  Still in the accumulation phase though, so it's all okay.  Probably 2/3 of the way to pulling the plug at this point.

Does that make you a multi-millionaire?

lol!  There needs to be a proper name for this zig zag action when you cross the same milestone over and over.  Thank goodness someone mentioned that this was a likely event, otherwise I think I would have taken the bouncing around too negatively!  Dropped another 15K today.  What a wild ride.

I think it makes you a disenfranchised millionaire
Title: Re: Race from 500k to 1M!
Post by: rpr on October 13, 2018, 05:07:35 PM
I'm baaaack!  Can I come back?  IDK if that is allowed.  We hit $1M on August 9th.  And again on August 20th, and September 11th.  Now due to market volatility we are at $981K from our 10/1 high of $1.025M.  $44K - poof!  Can't wait to become a millionaire for the 4th time!  Around mid September I figured we were in the clear, but I guess not.  Still in the accumulation phase though, so it's all okay.  Probably 2/3 of the way to pulling the plug at this point.

Does that make you a multi-millionaire?

lol!  There needs to be a proper name for this zig zag action when you cross the same milestone over and over.  Thank goodness someone mentioned that this was a likely event, otherwise I think I would have taken the bouncing around too negatively!  Dropped another 15K today.  What a wild ride.

I think it makes you a disenfranchised millionaire

I think it makes you a millionaire many times over.
Title: Re: Race from 500k to 1M!
Post by: actionjackson on October 14, 2018, 12:34:28 PM
2018
Jan   398000
Feb   431000
Mar   448000
Apr   462580
May   481501
Jun - 489782
Jul - 507110
Aug - 523353
Sep - 529071
Oct - 519042

Well, this game used to be more fun ;) down 10k despite putting in as much.
Title: Re: Race from 500k to 1M!
Post by: skip207 on October 15, 2018, 01:09:38 PM
Yep its going to be painful this month just had a quick look and we are down a good chunk.
Title: Re: Race from 500k to 1M!
Post by: letsdoit on October 15, 2018, 02:41:55 PM
fortunately we have all our money in aluminum futures and bitcoin: recession proof!
Title: Re: Race from 500k to 1M!
Post by: Angelhair on October 18, 2018, 05:14:36 AM
1st posting
NW
10/1/2018 = $811,061
11/1/2018 = $792,866 (-$18,195)
Title: Re: Race from 500k to 1M!
Post by: talltexan on October 18, 2018, 08:15:29 AM
I happened to check mint the other day, and it had us down about $30,000. It's tough to swallow that, but it's only noise in the long run. Still following the plan.
Title: Re: Race from 500k to 1M!
Post by: JGS1980 on October 18, 2018, 09:20:15 AM
I happened to check mint the other day, and it had us down about $30,000. It's tough to swallow that, but it's only noise in the long run. Still following the plan.

Why are you folks even checking? Why torture yourselves unnecessarily? Why not simply do the end of month or quarterly updates and be done with it.

Back to our roots MMM Post:

http://www.mrmoneymustache.com/2013/10/01/the-low-information-diet/

JGS
Title: Re: Race from 500k to 1M!
Post by: TempusFugit on October 18, 2018, 09:58:51 AM
I happened to check mint the other day, and it had us down about $30,000. It's tough to swallow that, but it's only noise in the long run. Still following the plan.

Why are you folks even checking? Why torture yourselves unnecessarily? Why not simply do the end of month or quarterly updates and be done with it.

Back to our roots MMM Post:

http://www.mrmoneymustache.com/2013/10/01/the-low-information-diet/

JGS

Good reminder.   All this volatility with +/- 1% swings every couple of days has really shaken me out of the habit of checking in on balances.  It's pointlessly frustrating.  So is the news in general. 
Title: Re: Race from 500k to 1M!
Post by: kapnfriday on October 18, 2018, 12:01:20 PM
Invested assets:
12-2017: $510,037
1-2018: $539,718 (+29.6k)
2-2018: $514,481 (-25.2K)
3-2018: $511,273 (-3.2k)
4-2018: $515,153 (+3.8k)

(missed a few updates in here)

7-2018: $545,690

(missed a few more updates)

9-2018: $584,802

I calculate this monthly and therefore only look at my balances about once a month.
Title: Re: Race from 500k to 1M!
Post by: OurTown on October 25, 2018, 07:44:12 AM
Investment balance is down app'x 25k for the month.  C'est la vie. 
Title: Re: Race from 500k to 1M!
Post by: Freedomin5 on October 25, 2018, 08:23:17 AM
Recently I’ve felt that I’m in the race from 1M to 500k
Title: Re: Race from 500k to 1M!
Post by: OurTown on October 25, 2018, 08:25:59 AM
It feels that way, doesn't it?  Of course the good news is you get to buy at a discount while the markets recover.
Title: Re: Race from 500k to 1M!
Post by: skip207 on October 31, 2018, 11:37:27 AM
01/01/17 £374668
01/01/18 £497097
01/02/18 £500655
01/03/18 £497804
01/04/18 £492551
01/05/18 £503531
01/06/18 £519609
01/07/18 £534656
01/08/18 £539771
01/09/18 £552418
01/10/18 £555232
01/11/18 £546426

2018 target of £575k now looks very difficult.  Was probably a tad optimistic anyway.
Business is slow at the moment so not putting much into the pot either just now. 

My 2019 target is £680k which I guess if I finish 2018 at lets say £560k is still possible to hit, so I am focusing on that now.  If that slips it might put my FIRE time line out (FIRE end 2022) and I might end up doing OMY. 



Title: Re: Race from 500k to 1M!
Post by: salt cured on October 31, 2018, 03:59:48 PM
We've crossed $700k at least 10 times since July. Here's to crossing it 10 more times!

Aug17:$488k
Sep17:$507k
Oct17:$526k
Nov17:$546k
Dec17:$566k
Jan18:$612k
Feb18:$603k
Mar18:$599k
Apr18:$612k
May18:$630k
Jun18:$656k
Jul18:$692k
Aug18:$702k
Sep18:$711k
Oct18:$678k
Title: Re: Race from 500k to 1M!
Post by: TheAnonOne on October 31, 2018, 07:51:08 PM
Returning to update . . .

2015 DEC:252k<- Crossed 250k
--
2016 JAN:260k(+8k)
2016 FEB:281k(+21k)
2016 MAR:285k(+4k)
2016 APR:298k(+13k)
2016 MAY:305k(+7k)
2016 JUN:307k(+2k)
2016 JUL:320k(+13k)
2016 AUG:326k(+6k)
2016 SEP:336k(+10k)
2016 OCT:337k(+1k)
2016 NOV:361k(+24k)
2016 DEC:368k(+7k)
--
2017 JAN:382k(+14k)
2017 FEB:403k(+21k)
2017 MAR:416k(+13k)
2017 APR:427k(+11k)
2017 MAY:436k(+9k)
2017 JUN:449k(+13k)
2017 JUL:464k(+15k)
2017 AUG:478k(+14k)
2017 SEPT:494k(+16k)
2017 OCT:510k(+16k) <- Crossed 500k
2017 NOV:523k(+13k)
2017 DEC:534k(+11k)
--
2018 JAN:558k(+24k)
2018 FEB:569k(+11k)
2018 MAR:560k(-9k)
2018 APR:574k(+14k/+5k)
2018 MAY:575k(+1k)
2018 JUNE:575k(+0k)
2018 JULY:599k(+24k)
2018 AUG:620k(+21k)
2018 SEPT:625k(+5k)
2018 OCT:597k(-28k)

Down 28k even with pay! The rest of this year is a bit iffy as well due to starting my own consultant S-Corp. I will have some 30-days for billing with no pay coming up before 2019.

Title: Re: Race from 500k to 1M!
Post by: Trifele on November 01, 2018, 05:18:37 AM
Tracking retirement accounts only (excludes house value, 529 plans, and cash):

5/1/17 --    $631k     
6/1/17 --    $647k (+$16k)     
7/1/17 --    $655k (+$8k)   
8/1/17 --    $665k (+$10k)   
9/1/17 --    $672k (+$7k)   
10/1/17 --  $684k (+$12k)   
11/1/17 --  $702k (+$18k)
12/1/17 --  $724k (+$22k)

1/1/18  --   $731k (+$7k)
2/1/18  --   $761k (+$30k)
3/1/18  --   $737k (-$24k)
4/1/18 --    $731k (-$6k)
5/1/18 --    $738k (+$7k)
6/1/18 --    $747k (+$9k)
7/1/18 --    $744k (-$3k)
8/1/18 --    $761k (+$17k)
9/1/18 --    $776k (+$15k)
10/1/18 --  $776k (+$0)
11/1/18 --  $729k (-$37k)
Title: Re: Race from 500k to 1M!
Post by: OurTown on November 01, 2018, 05:45:35 AM
1/1/15 = $266
2/1/15 = $269
3/1/15 = $278
4/1/15 = $280
5/1/15 = $284
6/1/15 = $295
7/1/15 = $298
8/1/15 = $338
9/1/15 = $335
10/1/15 = $339
11/1/15 = $357
12/1/15 = $365

1/1/16 = $374
2/1/16 = $373
3/1/16 = $379
4/1/16 = $391
5/1/16 = $398
6/1/16 = $406
7/1/16 = $415
8/1/16 = $426
9/1/16 = $424
10/1/16 = $427
11/1/16 = $428
12/1/16 = $438

1/1/17 = $461
2/1/17 = $471
3/1/17 = $482
4/1/17 = $479
5/1/17 = $492
6/1/17 = $500
7/1/17 = $508
8/1/17 = $518
9/1/17 = $523
10/1/17 = $543
11/1/17 = $550
12/1/17 = $558

1/1/18 = $580
2/1/18 = $593
3/1/18 = $589
4/1/18 = $587
5/1/18 = $603
6/1/18 = $617
7/1/18 = $612
8/1/18 = $623
9/1/18 = $639
10/1/18 = $644
11/1/18 = $622
Title: Re: Race from 500k to 1M!
Post by: onlykelsey on November 01, 2018, 06:58:09 AM
December 2013: 142K
December 2014: 231K (+89K year on year, although numbers back this far are a bit fuzzy because my old student loan providers have wonky websites)
December 2015: 326K (+185K year on year, including self-financed wedding and 60K assessment paid mostly in cash)
December 2016: 511K (+185K year on year)
December 2017: 698K (+187K year on year)
March 2018: 667K
June 2018: 689K
July 2018: 723K  I guess I shouldn't be surprised given my husband's income struggles and how expensive
September 2018: 765K
October 2018: 721K. Down 44K this month. $1500 a day! Ooof.  I think I have invested about.... 100K this year (plus principal on my mortgage), and I have 23K of it to show. Condo valuation also went down a bit.
Title: Re: Race from 500k to 1M!
Post by: Zamboni on November 01, 2018, 07:24:27 AM
Numbers for end of month:
Month Year: Investments
June 2017: 504K
July 2017: 523K
Add in home value - debts; net worth as second number:
Aug 2017: 533K / 666K
Sep 2017: 539K / 679K
Oct 2017: 551K / 698K
Nov 2017: 561K / 711K
Dec 2017: 569K / 724K
Jan 2018: 589K / 751K
Feb 2018: 577K / 741K
May 2018: 585K / 744K
July 2018: 600K / 763K
Aug 2018: 618K / 779K
Sept 2018: 621K / 795K
Oct 2018:  587K / 764K (hey . . . I'm still pretty rich!)


(https://tickers.TickerFactory.com/ezt/d/4;10501;125/st/20181215/e/Sabbatical%21/k/6f12/event.png)
 (https://www.TickerFactory.com/)
Title: Re: Race from 500k to 1M!
Post by: YellowCat on November 01, 2018, 07:42:12 AM
Jan 2017: $444,411
Feb 2017: $466,365 (+$21,954)
Mar 2017: $473,859 (+$7,494)
Apr 2017: $496,610 (+$22,751)
May 2017: $509,180 (+$12,570)
Jun 2017: $522,280 (+$13,100)
Jul 2017: $539,829 (+$17,549)
Aug 2017: $547,156 (+$7,327)
Sept 2017: $568,755 (+$21,599)
Oct 2017: $588,681 (+$19,926)
Nov 2017: $612,643 (+$23,962)
Dec 2017: $628,029 (+$15,386)
Jan 2018: $664,203 (+$36,174)
Feb 2018: $662,419 (-$1,784)
Mar 2018: $667,963 (+$5,544)
Apr 2018: $687,251 (+$19,288)
May 2018: $713,039 (+$25,788)
Jun 2018: $719,898 (+$6,859)
Jul 2018: $749,307 (+$29,409)
Aug 2018: $777,551 (+28,244)
Sept 2018: $782,645 (+$5,094)
Oct 2018: $747,078 (-$35,567)

Well, it's our first significant down month in quite a while...I'm curious to see where we end up at the end of the year.
Title: Re: Race from 500k to 1M!
Post by: OurTown on November 01, 2018, 08:00:00 AM
Is this the weight loss thread?
Title: Re: Race from 500k to 1M!
Post by: BriarRose111 on November 01, 2018, 10:18:24 AM
Month end update:

Liquid assets / Net worth

Jan 2018 $415.5K / $508K
Jun 2018  $518.8K / $578.4K
Jul  2018  $528.3K / $588.2K
Aug 2018  $543K  / $603.2K
Sep 2018  $548K / $608.6K
Oct 2018   $492.6K / $569.5K
Title: Re: Race from 500k to 1M!
Post by: neo von retorch on November 01, 2018, 10:27:48 AM
Net Worth
Quote
1/31/2016:       $254,591
...
7/30/2018:       $486,199
8/31/2018:       $502,494 (+16,295)
9/30/2018:       $519,994 (+17,500)
10/31/2018:     $520,014 (+20)

Surprisingly, my weak month was NOT due to the stock market fluctuations. (I only log quarterly.) It was due to buying a new roof, 2 health insurance payments in the same month (happens a lot when there's 31 days.) Also paid for an ER visit (scratched cornea) and partial payment for orthotics. (See, I AM old enough to retire!)
Title: Re: Race from 500k to 1M!
Post by: Arbitrage on November 01, 2018, 11:45:18 AM
Liquid NW / Total NW

1/1/16: $455k / 675k
1/1/17: $555k / 822k
1/1/18: $735k / 1.071M
5/17/18: $765k / 1.112M
6/29/18: $773k / 1.137M
7/31/18: $795k / 1.170M
8/31/18: $813k / 1.189M
9/29/18: $811k / 1.192M
11/1/18: $772k / 1.160M

Taking my medicine.
Title: Re: Race from 500k to 1M!
Post by: Ladychips on November 01, 2018, 06:35:05 PM

         Investments/cash     Net worth

5/18 - $503,164               $742,902
6/18 - $506,463               $747,871
7/18 - $520,768               $764,243
8/18 - $542,574               $787,745
9/18 - $541,489               $788,357


10/18 - $518,567              $766,694


Although I don't like to see the big drop, it doesn't change anything about what I'm doing.  At least I got to stay in this thread for one more month!
Title: Re: Race from 500k to 1M!
Post by: ToughMother on November 01, 2018, 08:11:04 PM
Is this the weight loss thread?

OK, that was just funny and deserves a shout out.

AND, back in September I was SOOO CLOSE to 1M net worth I could taste it.  I was on personal capital every damn hour.  998.5K.  SOOO CLOSE.  Today I was happy to see that we were back over 950K again after being as low as 936K.  Well, since we buy funds every two weeks with our automated paychecks, we definitely got some on sale.

Rock on losers!
Title: Re: Race from 500k to 1M!
Post by: 2Birds1Stone on November 02, 2018, 01:47:20 AM
Combined NW
08/1/2018 - $511,000
09/1/2018 - $519,000
10/1/2018 - $526,000
11/1/2018 - $511,000
Title: Re: Race from 500k to 1M!
Post by: YoungGranny on November 02, 2018, 06:59:23 AM

Dec. 2017: $502k
Jan. 2, 2018: $513.7k
Feb. 5, 2018: $539.9k
Mar. 5, 2018: $543.6k
Apr. 2, 2018: $557.6
Apr. 30, 2018: $574.5k
June 4, 2018: $616.2k
July 2, 2018: $623.4k
Aug. 1, 2018: $643.8k
Sep. 4, 2018:$670.2k
Oct. 2, 2018: $677.7k

Nov. 2, 2018: $659.6k but my total number of shares is up so I'm still winning the long game :)
Title: Re: Race from 500k to 1M!
Post by: Chairman on November 02, 2018, 09:17:56 AM
Joining the club.

...

Not sure when/if I'll get to 1m; may semi-FIRE before then.
...

If the market were to stay flat, would probably hit 1m investible around 6 months from now.
Quarterly update, November 2017:

....

Not declaring victory yet though until I have 1m investible and no debt to the bank.
Quarterly update, February 2018:

...

Quarterly update, May 2018:

...

So, net worth hits $1.5m for the first time.
Quarterly update, November 2018:

...

Net worth drops back down to where it was 6 months ago.
Down 9.3% from peak — in fact, lowest I've been since around a year before in Q4 2017 — due to market decline, spending on house, and income drying up. I expect things to fall even lower over the next quarter as I continue to spend on the house, but after that income should hopefully pick up and I'll be back on track (unless market crashes, in which case, time to buckle up).
Title: Re: Race from 500k to 1M!
Post by: fiStressRelief on November 04, 2018, 09:45:38 AM
1/1/18   - 633k / 1.000M
2/1/18   - 668k / 1.034M
3/1/18   - 660k / 1.028M
4/1/18   - 665k / 1.032M
5/1/18   - 673k / 1.037M
8/1/18  - 719k / 1.086M
9/1/18  - 748k / 1.116M

11/1/18  -  683k / 1.08M

Yes the markets have been turbulent, but the majority of the change has been due to the purchase of a new house.  We finally took the plunge to buy our FI house which is not too far from the current one.  It's about 60% smaller and with that will lead to annual savings of at least 5k on things like utilities, taxes, insurance, and hoa.  And likely much more than that when factoring in potential maintenance.  We are going to have 2 houses while we do some remodeling so it will definitely be a net negative on the finances for the next few months.
Title: Re: Race from 500k to 1M!
Post by: bownyboy on November 05, 2018, 02:04:35 AM
Been a bumpy couple of months here in the UK which has meant I'm pretty much back to July in terms of numbers. But like most am in it for the long haul so I've shrugged and carried on as normal.

Jan 2017 - £346,854
Feb 2017 - £388,581 (+£41,727)
Mar 2017 - £396,119 (+£7,538)
Apr 2017 - £401,345 (+£5,226)
May 2017 - £399,619 (-£1,726)
Jun 2017 - £411,132 (+£11,513)
Jul 2017 - £409,299 (-£1,833)
Aug 2017 - £413,486 (+£4,187)
Sep 2017 - £415,586 (+£2,100)
Oct 2017 - £434,692 (+£19,000)
Nov 2017 - £438,434 (+£3,742)
Dec 2017 - £452,034 (+£13,600)
Jan 2018 - £456,088 (+£4,054)
Feb 2018 - £467,243 (+£11,155)
Mar 2018 - £463,199 (-£4,044)
Apr 2018 - £453,874 (-£9,325)
May 2018 - £475,489 (+£21,615)
Jun 2018 - £489,292 (+£13,802)
July 2018 - £499,919 (+£10,267)
Aug 2018 - £512,818 (+£12,899)
Sept 2018 - £510,749 (-£2,069)
Oct 2018 - £515,784 (+£5,035)
Nov 2018 - £504,527 (-£11,257)
Title: Re: Race from 500k to 1M!
Post by: winkleweizen on November 05, 2018, 01:03:11 PM
was posting on the other 1 mm thread, but you guys seem more lively here

1/1/18: 760K
2/1/18: 802K
3/1/18: 805K
4/1/18: 843K
5/1/18: 845K
6/1/18: 885K
7/1/18: 926K
8/1/18: 954K
9/1/18: 989k
10/1/18: 992K
11/1/18: 962k
Title: Re: Race from 500k to 1M!
Post by: 2Old2RE on November 06, 2018, 04:28:07 PM
October update

Here is last month:

401K              = 714,518.92
IRAs               = 118,165.46
Bank              =   31,542.13
Misc Accounts =   27,751.75

=891,978.26

This month:

401K              = 726,718.28
IRAs               = 118,019.02
Bank              =   29602.05
Misc Accounts =   29398.69

=903,738.04

And for November:

401K              = 672,253.01
IRAs               = 110,403.58
Bank              =   32,803.52
Misc Accounts =   27,651.50

=843,111.61

Ugh Is there a consolation prize for biggest loser?
Title: Re: Race from 500k to 1M!
Post by: guelphinvestor on November 07, 2018, 03:12:10 PM
Passed a million invested again on the way back up

1,004,836.17

Sent from my LG-V522 using Tapatalk

Title: Re: Race from 500k to 1M!
Post by: talltexan on November 14, 2018, 02:26:10 PM
I happened to see the entry in my journal from October 2017 where the talltexan family passed $1 million. We're still above it, but these whipsaws from markets sure discourage you from checking daily.
Title: Re: Race from 500k to 1M!
Post by: actionjackson on November 15, 2018, 02:35:48 AM
2018
Jan   398000
Feb   431000
Mar   448000
Apr   462580
May   481501
Jun - 489782
Jul - 507110
Aug - 523353
Sep - 529071
Oct - 519042
Nov - 532025

Putting in $25k in the past 2 months has only got me back to where we were... such are the times. We all knew that it had been getting silly in the markets in the past year or so.